3.0.0 7625 2023-01-11T13:45:56Z 2023-01-11T13:45:56Z House HR 2020-07-16 116 [Congressional Record Volume 166, Number 126 (Thursday, July 16, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. CRAIG:H.R. 7625.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H3090]]]> hsba00 Financial Services Committee House Standing Referred to 2020-07-16T16:00:20Z 2020-07-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-07-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-16 Introduced in House IntroReferral 1000 9 Library of Congress C001119 Rep. Craig, Angie [D-MN-2] Angie Craig D MN 2 N Finance and Financial Sector Bankruptcy Consumer credit Education Higher education Student aid and college costs Finance and Financial Sector 00 2020-07-16 Introduced in House 2020-10-14T15:28:06Z Ryan Frascone Memorial Student Loan Relief Act of 2020

This bill retroactively applies certain borrower protections related to cosigners of private student loans. Specifically, all private student loan agreements must (1) prohibit a creditor from declaring a default or accelerating the debt of a private student loan on the sole basis of the death or bankruptcy of a cosigner to such a loan, and (2) require loan holders to release cosigners from any obligation upon the death of the student borrower. Under current law, these protections apply only to private student loan agreements entered into on or after November 20, 2018.


]]> Ryan Frascone Memorial Student Loan Relief Act of 2020 Display Title Ryan Frascone Memorial Student Loan Relief Act of 2020 Official Title as Introduced To provide for the release of cosigners on private student loans in the case of the death of the student borrower. Introduced in House IH Short Title(s) as Introduced Ryan Frascone Memorial Student Loan Relief Act of 2020 Introduced in House IH Introduced in House 2020-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7625ih/xml/BILLS-116hr7625ih.xml 2020-07-16 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.