United States · Bill · S
S. 1309 (114th)
FAIR Student Credit Act of 2015
Introduced
12 May 2015
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
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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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 12 May 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 12 May 2015
Introduced in Senate
summary · EN · 12 May 2015
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/1309
- Open data entity: https://api.congress.gov/v3/bill/114/s/1309