3.0.0 4511 2023-01-11T13:26:37Z 2023-01-11T13:26:37Z House H HR 2014-04-29 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BISHOP of New York:H.R. 4511.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H3292]]]> hsba00 Financial Services Committee House Standing Referred to 2014-04-29T14:00:40Z 2014-04-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-04-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-29 Introduced in House IntroReferral 1000 9 Library of Congress B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 N M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2014-04-29 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2014-04-29 True T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2014-04-29 True B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2014-04-29 True C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2014-04-29 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2014-04-29 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2014-04-29 True B001270 Rep. Bass, Karen [D-CA-37] Karen Bass D CA 37 2014-04-29 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2014-04-29 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2014-04-29 True L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2014-04-29 True C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2014-04-30 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2014-04-30 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2014-04-30 False T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2014-04-30 False R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2014-04-30 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2014-05-06 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2014-05-06 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2014-05-06 False H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2014-05-06 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2014-05-06 False G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2014-05-19 False E000292 Rep. Enyart, William L. [D-IL-12] William Enyart D IL L. 12 2014-05-19 False T000266 Rep. Tierney, John F. [D-MA-6] JOHN TIERNEY D MA F. 6 2014-05-19 False C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2014-05-19 False P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2014-05-21 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2014-05-21 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2014-06-20 False L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2014-07-16 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2014-07-23 False S001170 Rep. Shea-Porter, Carol [D-NH-1] Carol Shea-Porter D NH 1 2014-09-18 False Education Bankruptcy Consumer affairs Consumer credit Higher education Student aid and college costs Education 00 2014-04-29 Introduced in House 2014-05-27T17:00:06Z Protecting Students From Automatic Default Act of 2014 - Amends the Truth in Lending Act to require a private educational lender to notify a borrower immediately if, upon receiving notification of the death or bankruptcy of a cosigner jointly liable for the private education loan, the lender deems the borrower to be in default, changes the terms of the loan, or accelerates the loan's repayment terms.

Requires a private educational lender to give a borrower at least 90 days after such a notification to identify a new cosigner for that loan. Retains the lender's right to renegotiate loan terms based on the creditworthiness of the new cosigner.

]]> Protecting Students From Automatic Default Act of 2014 Display Title Protecting Students From Automatic Default Act of 2014 Official Title as Introduced To amend the Truth in Lending Act to establish requirements for the treatment of a private education loan upon the death or bankruptcy of a cosigner of the loan. Introduced in House IH Short Titles as Introduced Protecting Students From Automatic Default Act of 2014 Introduced in House 2014-04-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4511ih/xml/BILLS-113hr4511ih.xml 2014-04-29 Referred to the House Committee on Financial Services. 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.