Virginia Senate Passes Student Loan Borrowers’ Bill of Rights

Virginia Senate Passes Student Loan Borrowers’ Bill of Rights

From Progress Virginia:

RICHMOND, Va. – By a vote of 40-0, the Virginia Senate today passed Senator Janet Howell’s SB77, the scholar Loan Borrowers’ Bill of Rights.

The legislation shall add education loan servicers like Navient towards the variety of economic entities controlled by the state’s Bureau of finance institutions. Especially, the bill prohibits loan servicers from misapplying loan re payments, misrepresenting or material that is omitting in regards to the terms or conditions for the loan, and supplying inaccurate information to credit agencies. Continue reading “Virginia Senate Passes Student Loan Borrowers’ Bill of Rights”