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Legislation watch
2018 Senate Bill 6029: Establishing a student loan bill of rights
Introduced by Sen. Marko Liias (Lynnwood) (D) on January 8, 2018
Referred to the Senate Higher Education & Workforce Development Committee on January 8, 2018
Substitute offered in the Senate on January 18, 2018
Establishes a Student Education Loan Advocate (Advocate) to assist student education loan borrowers (borrowers), compile data, provide information on student education loans, and receive, review, and take action on complaints from borrowers.
? Requires student education loan servicers (servicers) to obtain a license from the Department of Financial Institutions (DFI) to operate in the state, and authorizes the DFI to establish fees.
Referred to the Senate Ways & Means Committee on January 18, 2018
Referred to the Senate Rules Committee on February 6, 2018
Amendment offered by Sen. Marko Liias (Lynnwood) (D) on February 14, 2018
Exempts private, nonprofit educational institutions' payment plans and accounts receivable from student education loan servicers' requirements.
The amendment passed by voice vote in the Senate on February 14, 2018
Received in the House on February 19, 2018
Referred to the House Higher Education Committee on February 19, 2018
Referred to the House Appropriations Committee on February 23, 2018
Referred to the House Rules Committee on February 28, 2018
Signed by Gov. Jay Inslee on March 15, 2018