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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Protecting Students From Automatic Default Act of 2014

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Truth in Lending Act to establish requirements for the treatment of a private education loan upon the death or bankruptcy of a cosigner of the loan.


Actions Overview (1)

Date
04/29/2014Introduced in House

All Actions (2)

Date
04/29/2014Referred to the House Committee on Financial Services.
Action By: House of Representatives
04/29/2014Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services04/29/2014 Referred to

No related bill information was received for H.R.4511.


Subjects (6)


Latest Summary (1)

There is one summary for H.R.4511. View summaries

Shown Here:
Introduced in House (04/29/2014)

Protecting Students From Automatic Default Act of 2014 - Amends the Truth in Lending Act to require a private educational lender to notify a borrower immediately if, upon receiving notification of the death or bankruptcy of a cosigner jointly liable for the private education loan, the lender deems the borrower to be in default, changes the terms of the loan, or accelerates the loan's repayment terms.

Requires a private educational lender to give a borrower at least 90 days after such a notification to identify a new cosigner for that loan. Retains the lender's right to renegotiate loan terms based on the creditworthiness of the new cosigner.