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S05136 Summary:

BILL NOS05136B
 
SAME ASSAME AS A06226-B
 
SPONSORTHOMAS
 
COSPNSRADDABBO, GAUGHRAN, JACKSON, PERSAUD
 
MLTSPNSR
 
Add Art 42 §§1100 - 1109, Gen Bus L; amd §§105 & 3213, add §3012-c, CPLR
 
Enacts protections for private education loan borrowers and cosigners; requires certain notifications from creditors and debt collectors; prohibits acceleration; enacts provisions for cosigner release.
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