Andrew's Law
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Nov 21, 2013)
Andrew Prior Act or Andrew's Law - Amends the Truth in Lending Act to discharge the repayment obligations of the estate of a borrower and any cosigner of a private educational loan if the borrower dies or is totally and permanently disabled.
Requires the Director of the Consumer Financial Protection Bureau (CFPB) to develop necessary and appropriate safeguards to prevent fraud and abuse in the discharge of those obligations.
Authorizes the Director to promulgate regulations to reinstate those obligations in any case in which the Director determines that doing so is necessary to protect the public interest.
What just happenedNov 21, 2013
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Introduced in SenateNov 21, 2013
- Nov 21, 2013IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Nov 21, 2013IntroReferral10000
Introduced in Senate