US Congress House Bill 2363 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 15 2015 - 25% progression, died in committee
Action: 2015-05-15 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

FAIR Student Credit Act of 2015 Federal Adjustment in Reporting Student Credit Act of 2015 Amends the Fair Credit Reporting Act to allow a consumer to request the removal of a previously reported default regarding a qualified education loan from a consumer report if the consumer meets the requirements of a private loan rehabilitation program in which the number of consecutive on-time monthly payments is equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965. Permits a consumer to obtain such rehabilitation benefits only once per loan. Requires the Government Accountability Office to report on any challenges borrowers experience with the private loan rehabilitation program.

FAIR Student Credit Act of 2015 Federal Adjustment in Reporting Student Credit Act of 2015

Rep. John Carney [D-DE]

Rep. Stephen Fincher [R-TN]

Date	Chamber	Action
2015-05-15	House	Referred to the House Committee on Financial Services.
2015-05-15	House	Introduced in House

SB1309 (Related) 2015-05-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2363/all-info
Text	https://www.congress.gov/114/bills/hr2363/BILLS-114hr2363ih.pdf