Education Loan Servicing Act Gets Beefed Up
After the exemplory instance of some other states , 1 the Capfornia legislature has passed away AB 376 (SLSA Amendments) to amend the Capfornia that is existing Student Servicing Act amscot loans payment plan (SLSA). The SLSA Amendments would 1) place new needs upon education loan servicers, including needs payment that is regarding and crediting, handpng of overpayments and partial re payments, therefore the training of customer support workers, 2) give customers a personal right of action for violations of their conditions, 3) produce the new place of education loan Ombudsman and 4) expand the supervisory authority regarding the DB O 2 over servicers. (more…)