State Legislative Tracker
| Citation | Jurisdictions | Area of impact | Description | Active | Enacted? | effective date |
|---|---|---|---|---|---|---|
Connecticut | Payment Plans,Licensure | focuses on consumer credit and commercial financing, likely aiming to enhance transparency, regulation, and consumer protections. The bill may include provisions for Stronger oversight of consumer credit and lending practices, Clearer disclosures for commercial financing agreements and fair lending protections to prevent predatory practices. | No | 2025-10-01 | ||
Florida | Payment Plans,Payments | Electronic Payments of Retail Installment Contracts; Defining the terms “ACH payment” and “electronic payment”; authorizing holders of retail installment contracts and their agents to collect fees for processing electronic payments made by motor vehicle retail buyers under certain circumstances, etc. | No | |||
Illinois | Transcript Withholding,Information reporting | Amends the Student Debt Assistance Act by expanding the definition of “institution of higher education” and requiring detailed reporting on financial-based transcript and registration holds, including student debt amounts, transcript and diploma releases, and registration holds to the Board of Higher Education or the Illinois Community College Board. | Status is Unclear | |||
Illinois | Student Loan Servicing | Proposed regulation updates the student loan servicing licensure requirements to require student loan servicers to record telephone calls with student-borrowers and to retain recordings for a specified period of time. | Yes | |||
Arizona | Licensure,Student Loan Servicing | Proposed law related to the licensure of student loan servicers. The bill aims to regulate companies that manage student loans by requiring them to obtain a state operating license. This legislation typically includes provisions for consumer protections, oversight mechanisms, and enforcement actions to ensure that loan servicers comply with fair lending practices. | No | |||
Arizona | Licensure,Student Loan Servicing | Proposed law related to the licensure of student loan servicers. The bill aims to regulate companies that manage student loans by requiring them to obtain a state operating license. This legislation typically includes provisions for consumer protections, oversight mechanisms, and enforcement actions to ensure that loan servicers comply with fair lending practices. | Status is Unclear | |||
Note that I don't know what this law relates to!! | ||||||
Indiana | Transcript Withholding | Provides that a state educational institution or private postsecondary educational institution operated for profit (institution) in Indiana may not: (1) refuse to provide a transcript for a current or former student of the institution on the grounds that the student owes a debt to the institution; (2) charge a higher fee for obtaining a transcript or provide less favorable treatment of a request for a transcript of a current or former student who owes a debt to the institution; or (3) withhold from a current or former student's transcript any degrees earned on the grounds that the student owes a debt to the institution; if the student has paid certain amounts in the past year on the debt owed. Provides that a current or former student may bring a civil action against an institution for a violation of these provisions. | No | 2023-07-01 | ||
Louisiana | Statutes of Limitations | Provides relative to prescription of certain debts | No | 2025-08-01 | ||
Maryland | Information reporting | This legislation would require significant data reporting from the state’s public and private colleges on institutional debts to the Maryland Higher Education Commission.
HB 920 would require institutions to file annual reports with the Commission with the following data:
Institutional Debt Breakdown
• Debt data must be disaggregated by demographic categories (race, ethnicity, age, gender, residency status, enrollment status, and credential pursued).
• Total number of enrolled and former students with institutional debt.
• The length of time the debt has been owed.
• The type of charges that led to the institutional debt (tuition, room & board, fees, etc.).
• The percentage and number of students with institutional debt who received a Federal Pell Grant.
• The total debt amount accrued during the current and previous fiscal years.
Institutional debt in good standing vs. past due.
• Institutional debts under tuition payment plans, including their standing.
• Institutional debts from student loans owed to the institution, including standing.
• Number of students who made voluntary payments and the total amount paid.
• Percentage and total amount of institutional debt charged off.
• Number of student accounts reported to credit agencies.
• Number and percentage of accounts sent to third-party debt collectors, including the total amount collected.
• Number and percentage of accounts subject to litigation, including total amount collected.
• For public institutions only: Number and percentage of accounts sent to nonjudicial collection (e.g., state agencies).
Debt Collection and Status
Administrative Holds
• Number of students with administrative holds due to institutional debt.
• Number of students who completed all courses but were denied a degree due to debt.
Debt-Related Third Parties
• A list of all entities used for loan origination, installment plans, debt collection, and lawsuits.
Debt-Related Documents
• Copies of documents used to establish institutional debt (promissory notes, tuition payment agreements, enrollment contracts, etc.).
Institutional Debt Policies
• Summary and citations for policies on:
o Tuition payment plans
o Student loans owed to the institution
o Administrative holds
o Debt collection
o Credit reporting practices
The legislation also allows for the collection of, “Any additional data the commission deems necessary for evaluating institutional debt.” As the University of Maryland has raised concerns with similar legislation interacting with the Family Educational Rights and Privacy Act (FERPA) in the past, this bill states, “Nothing in this section may be construed to require an institution of postsecondary education to report personal identifying information of an enrolled student or a former student.” | Status is Unclear | |||
Massachusetts | Student Loan Servicing,debt collection | Notice of public hearing re amendments to debt collection and student loan servicing regulations | Status is Unclear | 2024-09-04 | ||
Minnesota | Licensure,Student Loan Servicing,Payment Plans | Beginning January 1, 2025, student loan lenders must register “before providing services in Minnesota.” A lender is defined as “an entity engaged in the business of securing, making, or extending student loans,” and a student loan “means a government, commercial, or foundation extension of credit for actual costs paid for tuition and reasonable education and living expenses.” There’s no indication that this definition of a student loan is limited to actual costs of post-secondary education, or, for that matter, what “actual costs” means. How can a lender know what education-related costs are “actual costs” and which are not? This affects where the student resides. | No | 2025-01-01 | ||
Minnesota | Payment Plans,Information reporting,Other | proposes establishing minimum standards for student banking services offered through partnerships between higher education institutions and financial institutions. The bill aims to ensure transparency and protect students from potentially exploitative financial products.
Key Provisions:
1. Definitions:
• Higher Education Institution: Refers to public postsecondary institutions, private postsecondary institutions, or Tribal colleges operating in Minnesota.
• Student Banking Service: Encompasses consumer financial products or services—excluding student loans—such as checking or deposit accounts, prepaid cards, debit cards, or credit cards provided by a financial institution to students through a partnership with a higher education institution.
2. Reporting Requirements:
• Institutions must report to the commissioner details related to student banking services, including:
• The total number of service accounts maintained by students, categorized by tier 1 and tier 2 service accounts.
• The amount of money the institution receives from financial institutions in connection with these accounts, broken down by tier.
• The identities of partner financial institutions.
• A summary of terms and conditions offered to students for both tier 1 and tier 2 service accounts, indicating compliance with the bill’s requirements.
Potential Impact on Colleges and Universities in Minnesota:
• Administrative Responsibilities: Institutions will need to implement systems to collect, monitor, and report detailed information about student banking services, ensuring compliance with the new standards.
• Transparency and Student Protection: The bill promotes greater transparency in financial agreements between institutions and banks, aiming to protect students from unfavorable banking terms.
• Review of Existing Partnerships: Colleges and universities may need to reassess and possibly renegotiate existing contracts with financial institutions to align with the mandated standards.
Overall, SF 2739 seeks to enhance the financial well-being of students by ensuring that banking services associated with educational institutions meet specific standards of transparency and fairness but will place an additional reporting burden on IHE in the state of MN. | Status is Unclear | |||
New Mexico | Payment Plans,Student Loan Servicing,Licensure | the "Student Loan Bill of Rights Act," aims to establish a
comprehensive regulatory framework for student loan servicers in New Mexico, requiring them to obtain a license and outlining specific responsibilities to protect borrowers, including providing alternative repayment options, clear communication, and protections for cosigners, while also allowing for loan discharge in cases of permanent disability; essentially creating a set of rights for student loan borrowers within the state by defining clear standards for loan servicing practices. | No | |||
New York | Payment Plans,Information reporting,Student Loan Servicing | Provides that each student loan servicer shall submit an annual report containing a list of all private education creditors associated with the private education debts serviced by the student loan servicer that are owed by persons who resided in New York during the prior calendar year. Effective December 21, 2024. | No | |||
New York City | debt collection | In June 2020, the Department added new rules requiring debt collectors to inform consumers whether certain language access services are available and to retain records relating to language access services. After these rule changes took effect, the industry provided additional questions and feedback to the Department. In response, the Department is adopting these amendments. The Department is also amending its debt collection rules in response to changes in federal regulations. In late 2020, the Consumer Financial Protection Bureau (“CFPB”) promulgated new debt collection rules updating the Fair Debt Collection Practices Act of 1977. The CFPB’s new debt collection rules address current industry collection practices, the changing forms of communication, unfair practices, and debt collection problems facing consumers today nationally. | No | 2026-09-01 | ||
New York | Payment Plans,Information reporting | Section 1. The opening paragraph of subdivision 1 of section 902 of the financial services law, as amended by chapter 15 of the laws of 2025, is amended to read as follows:
Each student loan servicer and private nonprofit postsecondary provider of higher education servicing student loan, as ‘servicing’ is defined in subdivision seven of section seven hundred ten of the banking law shall, by the first of April of each year, submit an annual report which complies with any instructions published by the superintendent, in the manner set forth in such instructions, certifying as accurate the following information for the private education debt such student loan servicer or private nonprofit postsecondary provider of higher education servicing student loans serviced during the prior calendar year:
§ 2. This act shall take effect immediately. | No | 2025-12-05 | ||
New York | Payment Plans,Student Loan Servicing | Enacts protections for private education loan borrowers and cosigners; requires certain notifications from creditors and debt collectors; prohibits acceleration; enacts provisions for cosigner release. | Yes | |||
New York | Payment Plans,Student Loan Servicing | Establishes a student loan borrower bill of rights | Status is Unclear | |||
New York | Student Loan Servicing | Enacts into law major components of legislation necessary to implement the state transportation, economic development and environmental conservation budget for the 2026-2027
state fiscal year. Would create new Article 42-A of the General Business Law to regulate student loan servicing. | Status is Unclear | |||
New Jersey | Transcript Withholding | Establishes limits on transcript release restrictions at institutions of higher education and certain proprietary institutions.
Notable provisions:
• The law prohibits transcript withholding in all circumstances if the student “attests” that the transcript is needed to obtain new student loans or to refinance existing student loans.
• A school may not withhold transcripts in connection with debts of $2,000 or less incurred for “non-mandatory” charges. Non-mandatory charges mean:
o all charges and fees imposed by an institution on a student other than tuition, room and board, and mandatory student fees and charges, as defined by the Secretary of Higher Education.
• An institution may condition providing a transcript on “the student’s agreement to enter into a good faith repayment plan and submission of the first payment on that plan” in connection with
o debts of any amount incurred for unpaid tuition, room and board, or other mandatory fees or charges; or
o Debt exceeding $2,000 for non-mandatory charges
• The law doesn’t apply to students who do not reside in the US. | No | 2026-01-20 | ||
New Jersey | Payment Plans,Licensure,Student Loan Servicing | Requires registration of postsecondary education debt creditors; establishes protections for borrowers. | Status is Unclear | |||
New Jersey | Transcript Withholding | Establishes limits on transcript release restrictions at institutions of higher education and certain proprietary institutions. | No | |||
New Jersey | Transcript Withholding | Prohibits institutions of higher education and certain proprietary institutions from withholding transcript due to outstanding student account balance; establishes penalties for noncompliance. | Status is Unclear | |||
North Carolina | Student Loan Servicing | Establishes a Student Borrowers’ Bill of Rights, including servicing loans without a license, licensing requirements, financial obligations, annual reporting requirements, student loan ombudsman, educational programs, and prohibited acts. | Status is Unclear | |||
Texas | Transcript Withholding | Relating to student access to certain academic records held by a public institution of higher education or career school or college; authorizing fees. Bill has passed the House and is awaiting consideration in the Texas Senate.
HB 538 would amend the Education Code to require a postsecondary educational institution, on request by a student, to release to the student the student’s transcript or training completion certificate issued by the institution. The bill would define a “postsecondary educational institution” as a public or private higher education institution or a career school or college. | In Committee | |||
Washington | debt collection,Statutes of Limitations | SB 5720 aims to enact the "Uniform Consumer Debt Default Judgments Act," which establishes comprehensive rules for how creditors can obtain default judgments in consumer debt collection cases, aiming to protect consumers by requiring creditors to provide detailed information about the debt, clear warnings about potential consequences of not responding, and ensuring courts have the necessary information to fairly evaluate default judgment requests before granting them; essentially promoting transparency and fairness in debt collection lawsuits by mandating thorough documentation and consumer notification | No |
