assembly Bill A2071C

2019-2020 Legislative Session

Relates to student loan servicers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to codes
Mar 19, 2019 reported referred to codes
Mar 14, 2019 print number 2071c
Mar 14, 2019 amend and recommit to banks
Mar 13, 2019 print number 2071b
Mar 13, 2019 amend (t) and recommit to banks
Jan 29, 2019 print number 2071a
Jan 29, 2019 amend and recommit to banks
Jan 22, 2019 referred to banks

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A2071 - Details

Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§710 - 725, amd §§36, 39 & 44, Bank L
Versions Introduced in 2017-2018 Legislative Session:
A7582

A2071 - Summary

Relates to student loan servicers.

A2071 - Bill Text download pdf


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

                                  2071

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2019
                               ___________

Introduced by M. of A. ZEBROWSKI, SEAWRIGHT, WALKER, ORTIZ, ENGLEBRIGHT,
  SIMON,  JAFFEE,  GOTTFRIED, COLTON, D'URSO, BLAKE, WRIGHT, DE LA ROSA,
  VANEL, FAHY,  PEOPLES-STOKES,  CUSICK,  L. ROSENTHAL,  GALEF,  MOSLEY,
  DINOWITZ,  TAYLOR,  SOLAGES,  HYNDMAN,  KIM,  MONTESANO,  DiPIETRO  --
  Multi-Sponsored by -- M. of A.  BRAUNSTEIN,  M. L. MILLER,  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.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A2071A - Details

Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§710 - 725, amd §§36, 39 & 44, Bank L
Versions Introduced in 2017-2018 Legislative Session:
A7582

A2071A - Summary

Relates to student loan servicers.

A2071A - Bill Text download pdf


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

                                 2071--A

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2019
                               ___________

Introduced by M. of A. ZEBROWSKI, SEAWRIGHT, WALKER, ORTIZ, ENGLEBRIGHT,
  SIMON,  JAFFEE,  GOTTFRIED, COLTON, D'URSO, BLAKE, WRIGHT, DE LA ROSA,
  VANEL, FAHY,  PEOPLES-STOKES,  CUSICK,  L. ROSENTHAL,  GALEF,  MOSLEY,
  DINOWITZ,  TAYLOR,  SOLAGES,  HYNDMAN,  KIM,  MONTESANO,  DiPIETRO  --
  Multi-Sponsored by -- M. of A.  BRAUNSTEIN,  M. L. MILLER,  THIELE  --
  read  once  and  referred  to  the  Committee  on  Banks  -- 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.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A2071B - Details

Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§710 - 725, amd §§36, 39 & 44, Bank L
Versions Introduced in 2017-2018 Legislative Session:
A7582

A2071B - Summary

Relates to student loan servicers.

A2071B - Bill Text download pdf


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

                                 2071--B

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2019
                               ___________

Introduced by M. of A. ZEBROWSKI, SEAWRIGHT, WALKER, ORTIZ, ENGLEBRIGHT,
  SIMON,  JAFFEE,  GOTTFRIED, COLTON, D'URSO, BLAKE, WRIGHT, DE LA ROSA,
  VANEL, FAHY,  PEOPLES-STOKES,  CUSICK,  L. ROSENTHAL,  GALEF,  MOSLEY,
  DINOWITZ, TAYLOR, SOLAGES, HYNDMAN, KIM, MONTESANO, DiPIETRO, EPSTEIN,
  D. ROSENTHAL  -- Multi-Sponsored by -- M. of A. BRAUNSTEIN, DenDEKKER,
  M. L. MILLER, THIELE -- read once and referred  to  the  Committee  on
  Banks  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee

AN ACT to amend the banking law, in relation to 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 14-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.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A2071C (ACTIVE) - Details

Current Committee:
Assembly Codes
Law Section:
Banking Law
Laws Affected:
Add Art 14-A §§710 - 725, amd §§36, 39 & 44, Bank L
Versions Introduced in 2017-2018 Legislative Session:
A7582

A2071C (ACTIVE) - Summary

Relates to student loan servicers.

A2071C (ACTIVE) - Bill Text download pdf


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

                                 2071--C

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            January 22, 2019
                               ___________

Introduced by M. of A. ZEBROWSKI, SEAWRIGHT, WALKER, ORTIZ, ENGLEBRIGHT,
  SIMON,  JAFFEE,  GOTTFRIED, COLTON, D'URSO, BLAKE, WRIGHT, DE LA ROSA,
  VANEL, FAHY,  PEOPLES-STOKES,  CUSICK,  L. ROSENTHAL,  GALEF,  MOSLEY,
  DINOWITZ, TAYLOR, SOLAGES, HYNDMAN, KIM, MONTESANO, DiPIETRO, EPSTEIN,
  D. ROSENTHAL  -- Multi-Sponsored by -- M. of A. BRAUNSTEIN, DenDEKKER,
  M. L. MILLER, THIELE -- read once and referred  to  the  Committee  on
  Banks  --  committee  discharged,  bill  amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee --  again  reported  from  said  committee  with
  amendments,  ordered  reprinted  as  amended  and  recommitted to said
  committee

AN ACT to amend the banking law, in relation to 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 14-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.

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