Debt Settlement Services – Student Education Loan Debt Relief – Disclosures and Prohibitions
Sponsor: Lesley J. Lopez (District 39)Committee: Economic MattersSubject: Financial InstitutionsStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 618 (as of Nov 15, 2022)
What this bill does
Official synopsis
Requiring a person registered to provide debt settlement services to make certain disclosures to consumers relating to student education loan debt; requiring that an advertisement for debt settlement services for student education loan debt relief include a certain disclosure; and prohibiting debt settlement services providers from taking certain actions with respect to student education loan debt relief.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (12)
MGA witness listFAV 11FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Ziperman, Philip | Consumer Protection Division | Written (PDF) |
| FAV | Rheingold, Ira | NACA | Written (PDF) |
| FAV | Hyland, Kathleen | National Association of Consumer Advocates | Oral + Written (PDF) |
| FAV | Czulada, Amy | Student Borrower Protection Center | Written (PDF) |
| FAV | Czulada, Amy | Student Borrower Protection Center | Written (PDF) |
| FAV | Delegate Lopez, Delegate Lopezlegislator | Individual | Oral |
| FAV | Delegate Lopez, Delegate Lopezlegislator | Individual | Oral |
| FAV | Lopez, Lesley | Individual | Written (PDF) |
| FAV | Lopez, Lesley | Individual | Written (PDF) |
| FAV | Stern, Isadoralobbyist | Individual | Oral + Written (PDF) |
| FAV | Stern, Isadoralobbyist | Individual | Written (PDF) |
| INFO | Ziperman, Philip | Consumer Protection Division | Written (PDF) |