Sections
12 entriesSection 1788.200Establishes the Private Student Loan Collections Reform Act as the name of this title and allows the title to be cited by…Section 1788.201Defines borrower, cosigner, creditor, debtor, exempt entity, private education lender, private education loan, collection action, and collector. An exempt entity is a…Section 1788.202Prohibits a private education lender or collector from sending a written collection statement unless it possesses specified ownership, account, payment, fee, settlement,…Section 1788.203Requires private education loan settlement agreements to be documented in open court or writing and a copy provided to the debtor. When…Section 1788.204Prohibits a private education lender or private education loan collector from filing a lawsuit, starting arbitration, or initiating another legal proceeding to…Section 1788.205Requires a private education lender or loan collector suing to collect a private education loan to allege specified loan information, timely limitations,…Section 1788.206Bars default or other judgment in a private education loan action unless the plaintiff submits properly authenticated, business-record-admissible documents establishing the required…Section 1788.207Allows a person who did not receive actual notice of a private-education-lender or collector lawsuit in time to defend it, and against…Section 1788.208Allows a person to sue a creditor, private education lender, or private education loan collector for title violations and recover actual damages…Section 1788.209Prohibits enforcement of any waiver of the title’s provisions by declaring such a waiver contrary to public policy, void, and unenforceable. Bars…Section 1788.210Establishes the title’s provisions as severable so that invalidity of one provision or application does not invalidate other provisions or applications that…Section 1788.211Sets July 1, 2022 as the date on which this title becomes operative. Establishes that specific operative date for the title as…