Bill
A 4922
Expands protections for private education loan borrowers and their cosigners, aiming to improve disclosures, terms, and cosigner release to reduce hardship and risk.
Overview
- Bill Number: A 4922
- Title: Relates to protections for private education loan borrowers and cosigners
- Status: REPORTED REFERRED TO CODES
- Introduced: February 10, 2025
- Primary Sponsor: Dana Levenberg
- Notable co-sponsors: Jo Anne Simon (cosponsor), Chris Burdick (cosponsor), Tony Simone (cosponsor), Phara Souffrant Forrest (cosponsor), Christopher Eachus (cosponsor)
- Related bills: A 6226 (prior-session), A 3155 (prior-session), S 5598 (companion)
Purpose and intent
- The bill is described as creating or expanding protections for private education loan borrowers and their cosigners. While the exact substantive provisions are not provided in the available text, the title indicates a focus on safeguarding borrowers and cosigners in the private student loan market, potentially addressing disclosures, terms, repayment practices, or cosigner-relief mechanisms.
Key provisions and changes (availability of text)
- The actual text of A 4922A (the amended/recomitted version) is not included in the provided material. What is known:
- An amended version (A 4922A) was printed on April 22, 2025, with an indicated amendment and recombination to the Consumer Affairs and Protection committee.
- The bill has undergone committee action and, as of April 28, 2025, was reported and referred to Codes.
- Because specific statutory language and provisions are not provided, the exact protections, limitations, or new requirements remain to be confirmed in the bill’s text. Expect provisions typical of borrower/cosigner protections to cover topics such as disclosures, fees, interest accrual during forbearance or hardship, cosigner release criteria, and lender obligations, but these are not explicitly stated here.
Who would be affected
- Private education loan borrowers (students and other private loan borrowers)
- Private education loan cosigners (individuals who signed onto a private student loan)
- Potentially private lenders or loan servicers that originate or service private education loans
- State consumer protection and enforcement bodies (given the involvement of Consumer Affairs and Protection and Codes)
Procedural and timeline notes
- Introduction: February 10, 2025
- Initial referral: February 10, 2025 – Referred to Consumer Affairs and Protection
- Amendments/recommitments: April 22, 2025 – AMEND AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION; Print Number 4922A
- Committee action: April 22–28, 2025 – Referred/Reported to Codes
- Current status: Reported referred to Codes (as of April 28, 2025)
Context and next steps
- The bill’s progression indicates ongoing consideration and potential codification of private education loan protections at the state level. Readers should consult the latest bill text and fiscal notes for precise provisions and their practical impact on borrowers, cosigners, and lenders.
- For those tracking advocacy or compliance, monitoring Codes Committee actions and any updates to A 4922A will be essential to understand final enacted language.
Compiled from official sources — confirm details with the bill’s official record.
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