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HB165

Higher educational institutions, public; loans to students, collection.

Status:
Enacted

Chief Patron:
David Yancey (R)

Session:
2018 Regular Session

Summary

As Passed Both Chambers. Public institutions of higher education; loans to students; collection.

Requires each public institution that makes a loan to a student to (i) include in loan documents for each such loan an individual plan for the repayment of principal and interest and the payment of any late fees and clear and detailed information about the collection process for such loan pursuant to the Virginia Debt Collection Act, including information about the agency or entity that is responsible for collection, and (ii) establish a process for notifying each student or, in the case of an undergraduate student and as appropriate, the student's parent of any loan payment that is past due no later than (a) 30 days after such payment becomes past due and (b) if necessary, the end of the academic term during which such payment becomes past due. The bill permits each such institution, with the consent of the borrower, to modify the terms of any loan for which payments are past due to provide for repayment forbearance on such loan and repayment to commence on a mutually agreed-upon date in the future. (Less)

  • Bill History

  • 12/21/2017 - House: Prefiled and ordered printed; offered 01/10/18 18101457D
  • 12/21/2017 - House: Referred to Committee on Education
  • 01/19/2018 - House: Assigned Education sub: Subcommittee #3
  • 01/22/2018 - House: Impact statement from DPB (HB165)
  • 02/06/2018 - House: Subcommittee recommends reporting (5-Y 3-N)
  • 02/07/2018 - House: Reported from Education (12-Y 10-N)
  • 02/09/2018 - House: Read first time
  • 02/12/2018 - House: Read second time and engrossed
  • 02/13/2018 - House: Read third time and passed House (51-Y 48-N)
  • 02/13/2018 - House: VOTE: PASSAGE (51-Y 48-N)   Close Floor Vote
  • 02/14/2018 - Senate: Constitutional reading dispensed
  • 02/14/2018 - Senate: Referred to Committee on Education and Health
  • 02/21/2018 - Senate: Assigned Education sub: Higher Education
  • 03/01/2018 - Senate: Reported from Education and Health with amendments (15-Y 0-N)
  • 03/02/2018 - Senate: Constitutional reading dispensed (37-Y 0-N)
  • 03/05/2018 - Senate: Passed by for the day
  • 03/06/2018 - Senate: Read third time
  • 03/06/2018 - Senate: Reading of amendments waived
  • 03/06/2018 - Senate: Committee amendments agreed to
  • 03/06/2018 - Senate: Passed by for the day
  • 03/07/2018 - Senate: Passed by for the day
  • 03/08/2018 - Senate: Read third time
  • 03/08/2018 - Senate: Reading of amendments waived
  • 03/08/2018 - Senate: Amendments by Senator Wexton agreed to
  • 03/08/2018 - Senate: Engrossed by Senate as amended
  • 03/08/2018 - Senate: Passed Senate with amendments (40-Y 0-N)
  • 03/08/2018 - House: Placed on Calendar
  • 03/08/2018 - House: Senate amendments agreed to by House (62-Y 33-N)
  • 03/08/2018 - House: VOTE: ADOPTION (62-Y 33-N)   Close Floor Vote
  • 03/10/2018 - House: Enrolled
  • 03/10/2018 - House: Bill text as passed House and Senate (HB165ER)
  • 03/10/2018 - House: Signed by Speaker
  • 03/12/2018 - Senate: Signed by President
  • 03/16/2018 - House: Impact statement from DPB (HB165ER)
  • 03/20/2018 - House: Enrolled Bill communicated to Governor on March 20, 2018
  • 03/20/2018 - Governor: Governor's Action Deadline Midnight, April 9, 2018
  • 04/06/2018 - Governor: Approved by Governor-Chapter 786 (effective 7/1/18)
  • 04/06/2018 - Governor: Acts of Assembly Chapter text (CHAP0786)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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