AUGUSTA — Maine lawmakers have passed a “Student Loan Bill of Rights” aiming to protect borrowers.
The Senate unanimously enacted the legislation Monday. Democratic Gov. Janet Mills has 10 days to act on the bill or let it go into law without her signature.
Such legislation had failed in the last legislative session, under a Republican administration.
The bill would create a student loan ombudsman with responsibilities that include reviewing and possibly resolving complaints from borrowers. The ombudsman would also compile and analyze borrowers’ data and help borrowers understand rights and responsibilities.
Maine’s bill would require servicers who do business in Maine to get a license and undergo an investigation. The bill would automatically license student loan servicers under contract with the U.S. Department of Education.
Send questions/comments to the editors.
-
Nation & World
Trump shuns ‘ex-presidents club’ – and the feeling is mutual
-
Arts & Entertainment
‘Baba Yaga’ has virtual reality movie premiere
-
Nation & World
Michigan Mega Millions ticket wins $1.05 billion jackpot
-
Arts & Entertainment
Larry King, broadcasting giant for half-century, dies at 87
-
Sports
The Atlanta Braves have resisted a name change, honoring Aaron could change that
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi {SUB NAME}, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.