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Virginia Senate Passes Student Loan Borrowers’ Bill of Rights
Virginia Senate Passes Student Loan Borrowers’ Bill of Rights

From Progress Virginia:

RICHMOND, Va. – By a vote of 40-0, the Virginia Senate passed Senator Janet Howell’s SB77, the Student Loan Borrowers’ Bill of Rights today.

The legislation shall include education loan servicers like Navient towards the variety of economic entities controlled because of the state’s Bureau of banking institutions. Particularly, the bill forbids loan servicers from misapplying loan re payments, misrepresenting or omitting product information in regards to the terms or conditions for the loan, and supplying inaccurate information to credit agencies.