3.0.0 1066 2023-01-11T13:36:29Z 2023-01-11T13:36:29Z Senate S 2017-05-08 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-05-08T18:48:14Z Economic Growth, Regulatory Relief, and Consumer Protection Act 115 2155 S 2018-05-24 Became Public Law No: 115-174. Related bill CRS 2017-05-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-05-08 Introduced in Senate IntroReferral 10000 9 Library of Congress P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI N C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2017-05-08 True Finance and Financial Sector Congressional oversight Consumer credit Government studies and investigations Higher education Student aid and college costs Finance and Financial Sector 00 2017-05-08 Introduced in Senate 2018-02-08T20:43:39Z Federal Adjustment in Reporting Student Credit Act of 2017 or the FAIR Student Credit Act of 2017

This bill amends the Fair Credit Reporting Act to allow a person to request the removal of a previously reported default regarding a qualified education loan from a consumer report if: (1) the lender chooses to offer a loan-rehabilitation program that requires a number of consecutive on-time monthly payments equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965, and (2) the consumer of the loan successfully and voluntarily meets the requirements of that loan-rehabilitation program. A consumer may obtain such rehabilitation benefits only once per loan.

The Government Accountability Office shall report on any hurdles borrowers experience with the private loan-rehabilitation program.

]]> Federal Adjustment in Reporting Student Credit Act of 2017 Display Title Federal Adjustment in Reporting Student Credit Act of 2017 Official Title as Introduced A bill to provide for the removal of default information from a borrower's credit report with respect to certain rehabilitated education loans. Introduced in Senate IS Short Titles as Introduced Federal Adjustment in Reporting Student Credit Act of 2017 Short Titles as Introduced FAIR Student Credit Act of 2017 Introduced in Senate 2017-05-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1066is/xml/BILLS-115s1066is.xml 2017-05-08 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.