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Introduction of HR 2542

Sharon Edmondson, Washington Legislative Team Member | June 11, 2015

Rep. Larsen (D-WA) introduced HR 2542, Bereaved Borrowers’ Bill of Rights Act of 2015, a bill to amend the Truth in Lending Act to establish requirements for releasing a cosigner from obligations of a private education loan, for the treatment of the loan upon the death or bankruptcy of a cosigner of the loan. The bill was referred to the House Financial Services Committee. A copy of the bill can be found here.

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