FAIR Student Credit Act of 2013

Summary

Federal Adjustment in Reporting Student Credit Act of 2013 or the FAIR Student Credit Act of 2013 - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to provide for the removal of a previously reported default regarding a qualified education loan from a consumer report if the consumer of the loan meets the requirements of a loan rehabilitation program, where the number of consecutive on-time monthly payments are equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965. Permits a consumer to obtain such rehabilitation benefits only once per loan. Requires the Comptroller General (GAO) to report on any hurdles borrowers experience with the private loan rehabilitation program.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 June 2013

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• Introduced in House (PDF)

  Introduced in House · EN · 27 June 2013

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• Introduced in House

  summary · EN · 27 June 2013

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