3.0.0 3996 2023-01-11T13:21:08Z 2023-01-11T13:21:08Z Senate S S 2010-12-01 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2010-12-01T20:08:33Z 2010-12-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2010-12-01 Introduced in Senate IntroReferral 10000 9 Library of Congress L000123 Sen. Lautenberg, Frank R. [D-NJ] FRANK LAUTENBERG D NJ R. N Finance and Financial Sector Consumer affairs Consumer credit Government information and archives Higher education Student aid and college costs Finance and Financial Sector 00 2010-12-01 Introduced in Senate 2010-12-07T20:48:35Z Christopher Bryski Student Loan Protection Act or Christopher's Law - Amends the Truth in Lending Act to require institutions of higher education (IHEs) that provide student loan counseling to new borrowers and cosigners at the time of any student loan application, origination, or consolidation, or at the time the cosigner assumes responsibility for repayment, to include information on creating a durable power of attorney for financial decision-making.

Requires private educational lenders to provide borrowers and cosigners of student loans with that information at the time of loan application.

Requires lenders of private educational loans for which cosigners are held jointly liable to describe clearly and conspicuously, in writing, the cosigners' obligations regarding such loans, including the effect a borrower's or cosigner's death, disability, or inability to engage in any substantial gainful activity would have on such obligations.

Directs the Board of Governors of the Federal Reserve System to publish model forms for the information this Act requires to be provided regarding: (1) the creation of a durable power of attorney; and (2) a cosigner's obligation.

Amends the Higher Education Act of 1965 to require IHEs to provide borrowers of federal educational loans information at their entrance counseling regarding: (1) the effect their death, disability, or inability to engage in any substantial gainful activity would have on their federal and private educational loans; and (2) their state's model form, published by the Board of Governors of the Federal Reserve System or the Bureau of Consumer Financial Protection, for creating a durable power of attorney.

]]> Christopher's Law Display Title Christopher's Law Official Title as Introduced A bill to amend the Truth in Lending Act and the Higher Education Act of 1965 to require additional disclosures and protections for students and cosigners with respect to student loans, and for other purposes. Introduced in Senate IS Short Titles as Introduced Christopher's Law Short Titles as Introduced Christopher Bryski Student Loan Protection Act Introduced in Senate 2010-12-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3996is/xml/BILLS-111s3996is.xml 2010-12-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.