FAIR Student Credit Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 27, 2013)
Federal Adjustment in Reporting Student Credit Act of 2013 or the FAIR Student Credit Act of 2013 - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to provide for the removal of a previously reported default regarding a qualified education loan from a consumer report if the consumer of the loan meets the requirements of a loan rehabilitation program, where the number of consecutive on-time monthly payments are equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965.
Permits a consumer to obtain such rehabilitation benefits only once per loan.
Requires the Comptroller General (GAO) to report on any hurdles borrowers experience with the private loan rehabilitation program.
What just happenedJun 27, 2013
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJun 27, 2013
- Jun 27, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Jun 27, 2013IntroReferralIntro-H
Introduced in House
- Jun 27, 2013IntroReferral1000
Introduced in House