assembly Bill A7582A

2017-2018 Legislative Session

Requires the licensure of student loan servicers

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Archive: Last Bill Status - On Floor Calendar


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 ordered to third reading cal.531
returned to assembly
died in senate
Jun 21, 2017 referred to rules
delivered to senate
passed assembly
Jun 19, 2017 ordered to third reading rules cal.504
rules report cal.504
reported
reported referred to rules
Jun 06, 2017 reported referred to ways and means
May 25, 2017 print number 7582a
May 25, 2017 amend and recommit to codes
May 23, 2017 reported referred to codes
May 03, 2017 referred to banks

Co-Sponsors

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Multi-Sponsors

A7582 - Details

See Senate Version of this Bill:
S6589
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§710 - 725, amd §§36, 39 & 44, Bank L
Versions Introduced in 2019-2020 Legislative Session:
A2071, S1958

A7582 - Summary

Requires the licensure of student loan servicers.

A7582 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7582

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2017
                               ___________

Introduced by M. of A. ZEBROWSKI, SEAWRIGHT, WALKER, ORTIZ, ENGLEBRIGHT,
  GJONAJ,  MONTESANO,  SIMON, JAFFEE, GOTTFRIED, COLTON, D'URSO, HARRIS,
  HOOPER, BLAKE -- Multi-Sponsored by -- M. of A.  DE LA ROSA,  HYNDMAN,
  THIELE -- read once and referred to the Committee on Banks

AN  ACT to amend the banking law, in relation to requiring the licensure
  of student loan servicers

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. The banking law is amended by adding a new article 14-A to
read as follows:
                              ARTICLE XIV-A
                         STUDENT LOAN SERVICERS
SECTION 710. DEFINITIONS.
        711. LICENSING.
        712. APPLICATION FOR A STUDENT LOAN SERVICER LICENSE; FEES.
        713. APPLICATION PROCESS TO RECEIVE LICENSE  TO  ENGAGE  IN  THE
               BUSINESS OF STUDENT LOAN SERVICING.
        714. CHANGES IN OFFICERS AND DIRECTORS.
        715. CHANGES IN CONTROL.
        716. GROUNDS FOR SUSPENSION OR REVOCATION OF LICENSE.
        717. BOOKS AND RECORDS; REPORTS AND ELECTRONIC FILING.
        718. RULES AND REGULATIONS.
        719. PROHIBITED PRACTICES.
        720. SERVICING STUDENT LOANS WITHOUT A LICENSE.
        721. RESPONSIBILITIES.
        722. EXAMINATIONS.
        723. PENALTIES FOR VIOLATION OF THIS ARTICLE.
        724. SEVERABILITY OF PROVISIONS.
        725. COMPLIANCE WITH OTHER LAWS.
  §  710. DEFINITIONS. 1. "APPLICANT" SHALL MEAN ANY PERSON APPLYING FOR
A LICENSE TO BE A STUDENT LOAN SERVICER.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A7582A (ACTIVE) - Details

See Senate Version of this Bill:
S6589
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§710 - 725, amd §§36, 39 & 44, Bank L
Versions Introduced in 2019-2020 Legislative Session:
A2071, S1958

A7582A (ACTIVE) - Summary

Requires the licensure of student loan servicers.

A7582A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 7582--A

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                               May 3, 2017
                               ___________

Introduced by M. of A. ZEBROWSKI, SEAWRIGHT, WALKER, ORTIZ, ENGLEBRIGHT,
  GJONAJ,  MONTESANO,  SIMON, JAFFEE, GOTTFRIED, COLTON, D'URSO, HARRIS,
  HOOPER, BLAKE, WRIGHT, SEPULVEDA -- Multi-Sponsored by  --  M.  of  A.
  BRAUNSTEIN,  DE LA ROSA,  HYNDMAN, THIELE -- read once and referred to
  the Committee on Banks -- reported and referred to  the  Committee  on
  Codes  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the banking law, in relation to requiring the  licensure
  of student loan servicers

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The banking law is amended by adding a new article 14-A  to
read as follows:
                              ARTICLE XIV-A
                         STUDENT LOAN SERVICERS
SECTION 710. DEFINITIONS.
        711. LICENSING.
        712. APPLICATION FOR A STUDENT LOAN SERVICER LICENSE; FEES.
        713. APPLICATION  PROCESS  TO  RECEIVE  LICENSE TO ENGAGE IN THE
               BUSINESS OF STUDENT LOAN SERVICING.
        714. CHANGES IN OFFICERS AND DIRECTORS.
        715. CHANGES IN CONTROL.
        716. GROUNDS FOR SUSPENSION OR REVOCATION OF LICENSE.
        717. BOOKS AND RECORDS; REPORTS AND ELECTRONIC FILING.
        718. RULES AND REGULATIONS.
        719. PROHIBITED PRACTICES.
        720. SERVICING STUDENT LOANS WITHOUT A LICENSE.
        721. RESPONSIBILITIES.
        722. EXAMINATIONS.
        723. PENALTIES FOR VIOLATION OF THIS ARTICLE.
        724. SEVERABILITY OF PROVISIONS.

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