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2020 SESSION

20102544D
HOUSE BILL NO. 743
Offered January 8, 2020
Prefiled January 6, 2020
A BILL to amend the Code of Virginia by adding in Chapter 4 of Title 23.1 a section numbered 23.1-412, relating to public institutions of higher education; private student loan information; advising.
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Patrons-- Bulova and Samirah
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Referred to Committee on Education
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Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Chapter 4 of Title 23.1 a section numbered 23.1-412 as follows:

§ 23.1-412. Private student loan information; advising.

Any provider of private student loans shall provide student loan advising information to a student prior to issuing a loan to any student in the Commonwealth. The information shall be developed by the Council and include information relevant to a student considering a private student loan. The Council shall include relevant stakeholders in the development of such information.