[Oasfaa] [EXTERNAL] Ok House passes "Oklahoma Student Borrower's Bill of Rights Act"

[Schmerer, Mendy M. (HSC)]

Bryce, I realize this will need to be voted upon again, but do you yet have a sense of the implementation of this, should it pass? Is this something that will be expected of schools to say that "if you borrow, your loan servicer must (see below)...", or is this going to be mandated somehow that servicers provide this language to the borrowers and there is no direct requirement by the school?

I appreciate any insight you can provide at this point!

Mendy Schmerer, MEd, CFAA
Director, Office of Student Financial Aid | SWASFAA President, 2020
University of Oklahoma Health Sciences Center
865 University Research Park, Suite 240 | Oklahoma City, OK  73104
O (405) 271-2118, x 48817 | F (405) 271-5446
Mendy-Schmerer at ouhsc.edu<mailto:Mendy-Schmerer at ouhsc.edu>
https://financialservices.ouhsc.edu/Departments/Student-Financial-Aid
www.facebook.com/OUHSCFinancialAid<http://www.facebook.com/OUHSCFinancialAid>


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From: OASFAA [mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of Fair, Bryce
Sent: Monday, March 9, 2020 4:43 PM
To: oasfaa at lists.onenet.net
Subject: [EXTERNAL] [Oasfaa] Ok House passes "Oklahoma Student Borrower's Bill of Rights Act"

Today the Oklahoma House of Representatives passed HB 2922, the "Oklahoma Student Borrower's Bill of Rights Act" by a vote of 84-8 (the press release says 89-8).
You can find a press release about the legislation at https://www.okhouse.gov/Media/News_Story.aspx?NewsID=5630<https://urldefense.proofpoint.com/v2/url?u=https-3A__www.okhouse.gov_Media_News-5FStory.aspx-3FNewsID-3D5630&d=DwMFAg&c=VjzId-SM5S6aVB_cCGQ0d3uo9UfKByQ3sI6Audoy6dY&r=Jq3xh6v4hctMZ8-WfGI7l1KQkk2y_HMT2GFL5zfHaho&m=OTnCbDSByhZxP0jrgdWNonF7SD2vrMrxsscuUagsXew&s=s8MyXanISXgsXbaGEU8uwyO9bhuZ85FZzkb7M3Oau0Q&e=>
You can also find the current text of the bill at http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20FLR/HFLR/HB2922%20HFLR.PDF<https://urldefense.proofpoint.com/v2/url?u=http-3A__webserver1.lsb.state.ok.us_cf-5Fpdf_2019-2D20-2520FLR_HFLR_HB2922-2520HFLR.PDF&d=DwMFAg&c=VjzId-SM5S6aVB_cCGQ0d3uo9UfKByQ3sI6Audoy6dY&r=Jq3xh6v4hctMZ8-WfGI7l1KQkk2y_HMT2GFL5zfHaho&m=OTnCbDSByhZxP0jrgdWNonF7SD2vrMrxsscuUagsXew&s=9jJrh1SBiKHxV1UWijduiX8aoIbKkFeBb8rQucU2FaM&e=>

Bryce Fair
Associate Vice Chancellor for Scholarships & Grants
Oklahoma State Regents for Higher Education
P.O. Box 108850
Oklahoma City, OK 73101-8850
Phone: 405-225-9162
Email: bfair at osrhe.edu<mailto:bfair at osrhe.edu>
Fax:  405-225-9230
follow us on Twitter @okhighered

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