Bill Text: NY A07796 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to the definition of "servicing" by student loan servicers.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2020-02-12 - REFERRED TO HIGHER EDUCATION [A07796 Detail]

Download: New_York-2019-A07796-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7796

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      May 22, 2019
                                       ___________

        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Banks

        AN ACT to amend the banking  law,  in  relation  to  the  definition  of
          "servicing" by student loan servicers

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (e) of subdivision 7 of section 710 of the  bank-
     2  ing  law,  as  added by section 1 of part L of chapter 58 of the laws of
     3  2019, is amended to read as follows:
     4    (e) interacting with a borrower  with  respect  to  or  regarding  any
     5  attempt to avoid default on the borrower's student loan[, or] and facil-
     6  itating  the activities described in paragraph (a) or (b) of this subdi-
     7  vision, in conjunction with performing such activities as  described  in
     8  paragraphs (a), (b), or (d) of this subdivision; or
     9    §  2.  This  act  shall  take  effect on the same date and in the same
    10  manner as section 1 of part L of chapter 58 of the laws  of  2019  takes
    11  effect.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11932-02-9