House Bill 239

Last Action 01/09/21: to Committee on Committees (H)
Title AN ACT relating to student loan servicers.
Bill Documents Introduced
Bill Request Number 1056
Sponsors P. Minter, A. Scott, T. Bojanowski, M. Cantrell, J. Donohue, J. Raymond, R. Roberts, C. Stevenson, P. Stevenson
Summary of Original Version Establish Subtitle 12 of KRS Chapter 286 and create sections thereof; define terms; establish licensing requirements for certain student loan servicers; establish requirements for student loan servicing activities; require student loan servicers to comply with applicable state and federal law; establish fines for violations of the subtitle; establish a private right of action for violations of the subtitle; permit the commissioner to monitor risk to consumers relating to servicing student loans; require the commissioner to designate a student loan ombudsman; set forth requirements for student loan ombudsman; state that provisions of this Act shall be severable.
Index Headings of Original Version Education, Finance - Student loan servicing, requirements
Education, Higher - Student loan servicing, requirements
Federal Laws and Regulations - Student loan servicers, compliance requirements
Licensing - Student loan servicers
State Agencies - Department of Financial Institutions, student loan servicer, regulation of
Administrative Regulations and Proceedings - Commissioner, Department of Financial Institutions, student loan servicing
Banks and Financial Institutions - Student loan servicers, requirements
Reports Mandated - Student loan ombudsman, annual report
Reports Mandated - Student loan servicers, annual report to commissioner


  • introduced in House
  • to Committee on Committees (H)

Last updated: 11/9/2023 2:52 PM (EST)