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1995 SESSION

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SB 638 Student-loan defaults; penalty.

Introduced by: H. Russell Potts, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Student-loan defaults; penalty. Subjects any loan recipient who defaults on his obligation to repay a student loan guaranteed by the State Education Assistance Authority to a civil penalty in an amount equal to the amount owing on the student loan at the time of the default. The State Education Assistance Authority may petition a court of competent jurisdiciton for an order to assess the civil penalty and for reasonable attorney's fees. Assessment of a civil penalty will not affect the recovery of the amount owing on the loan. Any funds so collected will be deposited to the State Education Assistance Authority.

FULL TEXT

• 01/11/95  Senate: Presented & ordered printed, prefiled 01/06/95 LD1354724  pdf

HISTORY

• 01/11/95  Senate: Presented & ordered printed, prefiled 01/06/95 LD1354724
• 01/11/95  Senate: Referred to Committee on Education and Health
• 02/08/95  Senate: Left in Education and Health