VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2008 SESSION

• | print version

SB 510 Higher educational institutions; policies addressing student loan vendors.

Introduced by: A. Donald McEachin | J. Chapman Petersen | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Institutions of higher education; student lending policies; report.  Requires the State Council of Higher Education to develop policies and procedures for disclosing certain information to students on student lending practices.  This information shall include (i) the criteria used to determine which lenders, if any, are recommended or endorsed by the school, and (ii) explicit notification that students are free to borrow from any lender of their choosing and are not limited to a list offered by the school.  Also, the bill prohibits public institutions of higher education from entering into exclusive agreements with vendors regarding student loans, and prohibits employees from accepting gifts to induce endorsement of certain vendors.

FULL TEXT

• 01/09/08  Senate: Prefiled and ordered printed; offered 01/09/08 087842273  pdf
• 01/24/08  Senate: Committee substitute printed 084088273-S1  pdf | impact statement
• 02/25/08  House: Committee substitute printed 083377708-H1  pdf | impact statement
• 03/04/08  Senate: Bill text as passed Senate and House (SB510ER)  pdf | impact statement
• 03/18/08  Governor: Acts of Assembly Chapter text (CHAP0624)  pdf

HISTORY

• 01/09/08  Senate: Prefiled and ordered printed; offered 01/09/08 087842273
• 01/09/08  Senate: Referred to Committee on Education and Health
• 01/16/08  Senate: Assigned Education sub: Higher Education
• 01/24/08  Senate: Reported from Education and Health with substitute (15-Y 0-N)
• 01/24/08  Senate: Committee substitute printed 084088273-S1
• 01/25/08  Senate: Constitutional reading dispensed (37-Y 0-N)
• 01/28/08  Senate: Read second time
• 01/28/08  Senate: Reading of substitute waived
• 01/28/08  Senate: Committee substitute agreed to 084088273-S1
• 01/28/08  Senate: Engrossed by Senate - committee substitute SB510S1
• 01/29/08  Senate: Read third time and passed Senate (40-Y 0-N)
• 01/29/08  Senate: Communicated to House
• 02/12/08  House: Placed on Calendar
• 02/12/08  House: Read first time
• 02/12/08  House: Referred to Committee on Education
• 02/25/08  House: Reported from Education with substitute (21-Y 0-N)
• 02/25/08  House: Committee substitute printed 083377708-H1
• 02/26/08  House: Read second time
• 02/27/08  House: Read third time
• 02/27/08  House: Committee substitute agreed to 083377708-H1
• 02/27/08  House: Engrossed by House - committee substitute SB510H1
• 02/27/08  House: Passed House with substitute BLOCK VOTE (97-Y 0-N)
• 02/27/08  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
• 02/29/08  Senate: Passed by for the day
• 03/03/08  Senate: House substitute agreed to by Senate (39-Y 0-N)
• 03/04/08  Senate: Enrolled
• 03/04/08  Senate: Bill text as passed Senate and House (SB510ER)
• 03/05/08  House: Signed by Speaker
• 03/06/08  Senate: Signed by President
• 03/12/08  Governor: Approved by Governor-Chapter 624 (effective 7/1/08)
• 03/18/08  Governor: Acts of Assembly Chapter text (CHAP0624)