Introduction of HR 2542
Sharon Edmondson, Washington Legislative Team Member | June 11, 2015
Rep. Larsen (D-WA) introduced HR 2542, Bereaved Borrowers’ Bill of Rights Act of 2015, a bill to amend the Truth in Lending Act to establish requirements for releasing a cosigner from obligations of a private education loan, for the treatment of the loan upon the death or bankruptcy of a cosigner of the loan. The bill was referred to the House Financial Services Committee. A copy of the bill can be found here.