TITLE 1.6C.15. Private Student Loan Collections Reform Act [1788.200. - 1788.211.]
Title 1.6C.15 added by Stats. 2021, Ch. 559, Sec. 1.
§§ 1788.200–1788.211 · 12 sections
- § 1788.200 This title shall be known and may be cited as the Private Student Loan Collections Reform Act.
- § 1788.201 For purposes of this title, the following definitions apply: (a) “Borrower” or “student loan borrower” means a person who has received or agreed to pay a…
- § 1788.202 (a) A private education lender or a private education loan collector shall not make any written statement to a debtor in an attempt to collect a private…
- § 1788.203 (a) All settlement agreements between a private education lender or private education loan collector and a debtor shall be documented in open court or…
- § 1788.204 A private education lender or private education loan collector shall not bring suit or initiate an arbitration or other legal proceeding to collect a private…
- § 1788.205 In an action brought by a private education lender or private education loan collector to collect a private education loan: (a) The complaint shall allege all…
- § 1788.206 (a) In an action initiated by a private education lender or private education loan collector, no default or other judgment may be entered against a defendant…
- § 1788.207 Notwithstanding Section 473.5 of the Code of Civil Procedure, if service of a summons has not resulted in actual notice to a person in time to defend an action…
- § 1788.208 (a) A person may bring a cause of action against a creditor, private education lender, or private education loan collector for a violation of any provision of…
- § 1788.209 Any waiver of the provisions of this title is contrary to public policy, and is void and unenforceable.
- § 1788.210 The provisions of this title are severable. If any provision of this title or its application is held invalid, that invalidity shall not affect other…
- § 1788.211 This title shall become operative on July 1, 2022.