WA People
BILL · 2017–18 SESSION · LATEST VERSION E2SSB 6029

SB 6029: Student loan bill of rights

Establishing a student loan bill of rights.

Summary

  • Establishes a Student Education Loan Advocate (Advocate) to assist student education loan borrowers (borrowers), compile data, provide information on student education loans, and receive, review, and take action on complaints from borrowers.
  • Requires student education loan servicers (servicers) to obtain a license from the Department of Financial Institutions (DFI) to operate in the state, and authorizes 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 several practices that may misrepresent the student loan situation or encourage a borrower to do something counterproductive to their situation.
  • Instructs the Washington Institute of Public Policy to review available literature on the impacts of establishing a student loan authority and to report back to the legislature by December 31, 2018.

From the Engrossed Second Substitute Senate Bill Report (E2SSB 6029), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 62, Laws of 2018
  1. IntroducedJan 8, 2018
  2. Out of committeeFeb 6, 2018
  3. Passed SenateFeb 14, 2018
  4. Passed HouseMar 2, 2018
  5. GovernorMar 15, 2018
  6. LawMar 15, 2018
Prime sponsor
Marko Liias (D-21)
Introduced
January 8, 2018 in the Senate
Last action
March 15, 2018
Session law
Chapter 62, Laws of 2018
Requested by
State agency
Budget
Has a fiscal note
Versions
SB 6029, SSB 6029, E2SSB 6029

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

Sponsors

Prime sponsor: Marko Liias (D-21)

18 co-sponsors (17 Democrats, 1 Republican)

Kevin Ranker D-40Joe Fain R-47Senator D-46Andy Billig D-3Jeannie Darneille D-27Guy Palumbo D-1Christine Rolfes D-23Karen Keiser D-33Annette Cleveland D-49Jamie Pedersen D-43Senator D-22Lisa Wellman D-41Steve Conway D-29Maralyn Chase D-32Rebecca Saldaña D-37Patty Kuderer D-48Bob Hasegawa D-11Mark Mullet D-5

Votes

Senate · 3rd Reading & Final Passage

Passed February 14, 2018
Version voted on: E2SSB 6029
35 Yea 13 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican91301
How each member voted

Excused (1)

Permalink to this vote

House · Final Passage

Passed March 2, 2018
Version voted on: E2SSB 6029
87 Yea 11 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican371100
How each member voted

Yea (87)

Permalink to this vote

History

  1. Effective date 6/7/2018. (E2SSB 6029)
  2. Chapter 62, 2018 Laws. (E2SSB 6029)
  3. Governor signed. (E2SSB 6029)
  4. Delivered to Governor. (E2SSB 6029)
  5. Speaker signed. (E2SSB 6029)
  6. President signed. (E2SSB 6029)
  7. Third reading, passed; yeas, 87; nays, 11; absent, 0; excused, 0. (E2SSB 6029)
  8. Rules suspended. Placed on Third Reading. (E2SSB 6029)
  9. Placed on second reading by Rules Committee. (E2SSB 6029)
  10. Referred to Rules 2 Review. (E2SSB 6029)
  11. Minority; without recommendation. (E2SSB 6029)
  12. Minority; do not pass. (E2SSB 6029)
  13. APP - Majority; do pass. (E2SSB 6029)
  14. Referred to Appropriations. (E2SSB 6029)
  15. HE - Majority; do pass. (E2SSB 6029)
  16. First reading, referred to Higher Education (Not Officially read and referred until adoption of Introduction report). (E2SSB 6029)
  17. Third reading, passed; yeas, 35; nays, 13; absent, 0; excused, 1. (E2SSB 6029)
  18. Rules suspended. Placed on Third Reading. (E2SSB 6029)
  19. Floor amendment(s) adopted. (E2SSB 6029)
  20. 2nd substitute bill substituted. (E2SSB 6029)
  21. 2nd substitute bill substituted. (SSB 6029)
  22. 2nd substitute bill substituted.
  23. Placed on second reading by Rules Committee. (E2SSB 6029)
  24. Placed on second reading by Rules Committee. (SSB 6029)
  25. Placed on second reading by Rules Committee.
  26. WM - Majority; 2nd substitute bill be substituted, do pass. (E2SSB 6029)
  27. Minority; without recommendation. (E2SSB 6029)
  28. Minority; do not pass. (E2SSB 6029)
  29. Passed to Rules Committee for second reading. (E2SSB 6029)
  30. Passed to Rules Committee for second reading. (SSB 6029)
  31. Minority; do not pass. (SSB 6029)
  32. Minority; without recommendation. (SSB 6029)
  33. WM - Majority; 2nd substitute bill be substituted, do pass. (SSB 6029)
  34. WM - Majority; 2nd substitute bill be substituted, do pass.
  35. Minority; without recommendation.
  36. Minority; do not pass.
  37. Passed to Rules Committee for second reading.
  38. Referred to Ways & Means. (SSB 6029)
  39. Referred to Ways & Means.
  40. HEWD - Majority; 1st substitute bill be substituted, do pass. (SSB 6029)
  41. And refer to Ways & Means. (SSB 6029)
  42. Minority; without recommendation. (SSB 6029)
  43. Minority; do not pass. (SSB 6029)
  44. Minority; do not pass.
  45. Minority; without recommendation.
  46. And refer to Ways & Means.
  47. HEWD - Majority; 1st substitute bill be substituted, do pass.
  48. First reading, referred to Higher Education & Workforce Development.
  49. Prefiled for introduction.

SB 6029 in other sessions

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

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