S. 2733 · 111th Congress
A bill to provide for the establishment of a Private Education Loan Ombudsman.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BrownSponsor3 cosponsors · 3 D
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Directs the Secretary of the Treasury (Secretary) to appoint a Private Education Loan Ombudsman to provide timely assistance to borrowers of private education loans.
What it does: CRS summary · Introduced in Senate · Nov 5, 2009
Directs the Secretary of the Treasury (Secretary) to appoint a Private Education Loan Ombudsman to provide timely assistance to borrowers of private education loans.
Requires the Secretary and the Secretary of Education to disseminate information about the availability and functions of the Ombudsman to borrowers, potential borrowers, and other participants in private education and federal student loan programs.
Directs the Ombudsman to: (1) receive, review, and attempt to resolve informally complaints from borrowers of private education loans, in accordance with the Secretary's regulations; (2) establish a memorandum of understanding with the student loan ombudsman established under the Higher Education Act of 1965 to coordinate the provision of assistance to borrowers seeking to resolve complaints related to their private education or federal student loans; and (3) compile and analyze data on borrower complaints regarding private education loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to provide for the establishment of a Private Education Loan Ombudsman.
Latest action (Nov 5, 2009): Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy area: Education · Origin: Senate · Introduced: Nov 5, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.