CLLA Newswire August 2017 Continued

Thursday, August 17, 2017
H.R. 3630: Student Loan Borrowers’ Bill of Rights Act of 2017 »  The Student Loan Borrowers’ Bill of Rights Act was introduced in the House on July 28, 2017 and then referred to the committees on Education and the Workforce, Ways and Means, the Judiciary, and Oversight and Government Reform.

Title I of the Act provides for rights to consumer protections by reinstating the 6 year statute of limitations for student loans and prohibiting an offset of social security benefits and tax refunds and prohibiting wage garnishments.

Title II of the Act provides for rights to reasonable repayment options by exclusion from gross income for discharge and including parent plus loans in repayment programs.

Title III of the Act provides for rights to a meaningful degree by prohibiting suspensions of licenses for loan default and prohibiting loss of access to transcripts for loan default.

Title IV of the Act provides for a right to loan cancellation for public service careers.

A copy of H.R. 3630 is here for your review.

Wednesday, August 16, 2017
Proposed Bankruptcy Changes Ready for Public Comment » Proposed amendments to several Federal Rules of Bankruptcy procedures have been published for public comment by the Judicial Conference Committee and are open for public comment until February 15, 2018.   There will, additionally, be public hearings in Washington D.C., California, and Arizona on the proposed amendments in January 2018.  The proposed rule changes are as follows:

Bankruptcy Rule 2002(g) – The proposal will allow a creditor to elect to receive notices by-email.

Bankruptcy Rule 9036 – This amendment would allow notice AND service by electronic means.  Proof of Claim (Form 410) would then be modified to include a box to elect to receive noticed by email instead of regular mail.

Rule 4001(c) – This amendment intends to exclude Chapter 13 cases as it pertains to obtaining credit.

Rule 6007(b) – The proposed amendment establishes a deadline for any objection to motions addressing abandonment/disposition of property, specifies parties to be served with a motion any notice of the motion.

Rule 9037 – A proposed new section (h) to be added which would provide for a procedure for redacting personal identifiers in documents that were previously filed without complying with the redaction requirements.

Appellate Rule 26.1 – Proposes to create a new 26.1(c) requiring that the names of all debtors are disclosed in a bankruptcy proceeding.

Wednesday, August 16, 2017
H.R. 3594: Social Security Debt Recovery Act of 2017 » H.R. 3594 intends to amend the Social Security Act to clarify treatment of overpayments by adding additional language to Section 207 stating that any overpayment and obligation to repay shall be determined solely under said title.

Read the full document here.

Wednesday, August 16, 2017
H.R. 3553: Bankruptcy Administration Improvement Act of 2017 » H.R. 3553 intends to increase to compensation that is paid to Chapter 7 Bankruptcy trustees for their services.  Additionally it increases the Bankruptcy Fees.

Read the full document here.  

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