FAIR Student Credit Act of 2015

Summary

Federal Adjustment in Reporting Student Credit Act of 2015 or the FAIR Student Credit Act of 2015 Amends the Fair Credit Reporting Act to allow a person to request the removal of a previously reported default regarding a qualified education loan from a consumer report if: (1) the lender chooses to offer a loan rehabilitation program that requires a number of consecutive on-time monthly payments equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965, and (2) the consumer of such loan successfully and voluntarily meets the requirements of that loan rehabilitation program. Permits a consumer to obtain such rehabilitation benefits only once per loan. Requires the Government Accountability Office to report on any hurdles borrowers experience with the private loan rehabilitation program.

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Timeline

1. 12 May 2015

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 12 May 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 12 May 2015 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 12 May 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 12 May 2015

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 12 May 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Peters, Gary C. [D-MI] · D · Sponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Sponsor
• Sen. Sullivan, Dan [R-AK] · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to → FAIR Student Credit Act of 2017
• related to ← FAIR Student Credit Act of 2015