WA People
BILL · 2017–18 SESSION · LATEST VERSION E2SHB 1440

HB 1440: Student loan bill of rights

Establishing a student loan bill of rights.

Summary

  • Creates the Student Education Loan Ombuds to receive, review, and provide assistance to student education loan borrowers who file complaints.
  • Requires student education loan servicers (servicers) to obtain a license from the Department of Financial Institutions (DFI) to operate in the state, and permits the DFI to establish fees.
  • Requires servicers to comply with various provisions regarding assessing and crediting fees; account information and dispute requests; acquiring, transferring, and selling servicing rights; and reporting information.
  • Prohibits third-party student education loan modification servicers from various practices that may misrepresent the student loan situation or encourage a borrower to do something counterproductive to their situation.

From the Engrossed Second Substitute House Bill Report (E2SHB 1440), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 19, 2017
  2. Out of committeeFeb 24, 2017
  3. Passed HouseMar 1, 2017
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Monica Jurado Stonier (D-49)
Introduced
January 19, 2017 in the House
Last action
January 8, 2018
Requested by
State agency
Companion bill
SB 5210
Budget
Has a fiscal note
Versions
HB 1440, SHB 1440, E2SHB 1440

AN ACT Relating to establishing a student loan bill of rights;

Sponsors

Prime sponsor: Monica Jurado Stonier (D-49)

17 co-sponsors (15 Democrats, 2 Republicans)

Melanie Stambaugh R-25Zack Hudgins D-11Norm Johnson R-14Lillian Ortiz-Self D-21Mike Sells D-38Laurie Jinkins D-27Cindy Ryu D-32Sherry Appleton D-23Gerry Pollet D-46Tana Senn D-41Strom Peterson D-21Chris Kilduff D-28Steve Bergquist D-11Derek Stanford D-1Noel Frame D-36Vandana Slatter D-48Laurie Dolan D-22

Votes

House · Final Passage

Passed March 1, 2017
Version voted on: E2SHB 1440
71 Yea 27 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican212700
How each member voted

Yea (71)

Permalink to this vote

House · Final Passage

Passed May 2, 2017
Version voted on: E2SHB 1440
68 Yea 24 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat49001
Republican192405
How each member voted

Yea (68)

Permalink to this vote

History

  1. By resolution, reintroduced and retained in present status. (E2SHB 1440)
  2. Referred to Appropriations. (E2SHB 1440)
  3. Rules Committee relieved of further consideration. (E2SHB 1440)
  4. By resolution, reintroduced and retained in present status. (E2SHB 1440)
  5. By resolution, returned to House Rules Committee for third reading. (E2SHB 1440)
  6. First reading, referred to Higher Education. (E2SHB 1440)
  7. Third reading, passed; yeas, 68; nays, 24; absent, 0; excused, 6. (E2SHB 1440)
  8. Rules Committee relieved of further consideration. Placed on third reading. (E2SHB 1440)
  9. By resolution, reintroduced and retained in present status. (E2SHB 1440)
  10. By resolution, returned to House Rules Committee for third reading. (E2SHB 1440)
  11. First reading, referred to Higher Education. (E2SHB 1440)
  12. Third reading, passed; yeas, 71; nays, 27; absent, 0; excused, 0. (E2SHB 1440)
  13. Rules suspended. Placed on Third Reading. (E2SHB 1440)
  14. Floor amendment(s) adopted. (E2SHB 1440)
  15. 2nd substitute bill substituted. (E2SHB 1440)
  16. 2nd substitute bill substituted. (SHB 1440)
  17. 2nd substitute bill substituted.
  18. Placed on second reading by Rules Committee. (E2SHB 1440)
  19. Placed on second reading by Rules Committee. (SHB 1440)
  20. Placed on second reading by Rules Committee.
  21. Minority; do not pass. (E2SHB 1440)
  22. APP - Majority; 2nd substitute bill be substituted, do pass. (E2SHB 1440)
  23. Referred to Rules 2 Review. (E2SHB 1440)
  24. Referred to Rules 2 Review. (SHB 1440)
  25. APP - Majority; 2nd substitute bill be substituted, do pass. (SHB 1440)
  26. Minority; do not pass. (SHB 1440)
  27. Minority; do not pass.
  28. APP - Majority; 2nd substitute bill be substituted, do pass.
  29. Referred to Rules 2 Review.
  30. Referred to Appropriations. (SHB 1440)
  31. Referred to Appropriations.
  32. HE - Majority; 1st substitute bill be substituted, do pass. (SHB 1440)
  33. Minority; without recommendation. (SHB 1440)
  34. Minority; without recommendation.
  35. HE - Majority; 1st substitute bill be substituted, do pass.
  36. First reading, referred to Higher Education (Not Officially read and referred until adoption of Introduction report).

HB 1440 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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