New York A 1146: Relates to providing access to the workers' compensation system, timely and meaningful wage replacement benefits, and medical treatment; and to improve efficiency of the system and cost savings; repealer

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A01146 Summary:

BILL NOA01146 

&nbsp

SAME ASSAME AS S03772

&nbsp

SPONSORSimon (MS)

&nbsp

COSPNSRGonzalez-Rojas, Reyes

&nbsp

MLTSPNSRBichotte Hermelyn, Carroll R, Colton, Cook, Davila, Glick, McDonough, Taylor

&nbsp

Add §684, Ed L

&nbsp

Establishes the student loan borrower bill of rights to protect borrowers and ensure that student loan servicers act more as loan counselors than debt collectors.

Go to top A01146 Actions:

BILL NOA01146 

&nbsp

01/09/2025referred to higher education

01/07/2026referred to higher education

Go to topA01146 Committee&nbspVotes:

Go to topA01146 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA01146 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1146

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 9, 2025
 ___________

 Introduced by M. of A. SIMON, GONZALEZ-ROJAS, REYES -- Multi-Sponsored
 by -- M. of A. BICHOTTE HERMELYN, R. CARROLL, COLTON, COOK, DAVILA,
 GLICK, McDONOUGH, TAYLOR -- read once and referred to the Committee on
 Higher Education

 AN ACT to amend the education law, in relation to creating a student
 loan borrower bill of rights

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The education law is amended by adding a new section 684 to
 2 read as follows:
 3 § 684. Student loan borrower bill of rights. 1. Definitions. As used
 4 in this section:
 5 (a) "Servicing" shall mean receiving a scheduled periodic payment from
 6 a borrower pursuant to the terms of a loan, including amounts for escrow
 7 accounts, and making the payments to the owner of the loan or other
 8 third party of principal and interest and other payments with respect to
 9 the amounts received from the borrower as may be required pursuant to
 10 the terms of the servicing loan document or servicing contract. In the
 11 case of a home equity conversion mortgage or reverse mortgage as refer-
 12 enced in this section, servicing includes making payments to the borrow-
 13 er. In the case of a student education loan as referenced in this
 14 section, servicing includes applying the payments of principal and
 15 interest and other such payments with respect to the amounts received
 16 from a student loan borrower as may be required pursuant to the terms of
 17 a student education loan and performing other administrative services
 18 with respect to a student education loan.
 19 (b) "Student education loan" shall mean any loan primarily used to
 20 finance education or other school-related expenses.
 21 (c) "Student loan borrower" shall mean any resident of New York who
 22 has received or agreed to pay a student education loan, or any person

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02826-01-5

 A. 1146 2

 1 who shares responsibility with such New York resident for repaying the
 2 student education loan.
 3 (d) "Student loan servicer" shall mean any person responsible for the
 4 servicing of a student education loan to a student loan borrower.
 5 2. Loan ombudsperson. (a) There is hereby established the position of
 6 the student loan ombudsperson, within the department of financial
 7 services, to be appointed by the commissioner to provide timely assist-
 8 ance to any student loan borrower who has a student education loan.
 9 (b) The student loan ombudsperson shall work in consultation with the
 10 commissioner. The responsibilities of the student loan ombudsperson will
 11 include, but not be limited to:
 12 (i) receiving, reviewing and assisting in resolving complaints from
 13 student loan borrowers, including, but not limited to, attempting to
 14 resolve such complaints in collaboration with institutions of higher
 15 education, student loan servicers, and any other participants in student
 16 loan lending, including, but not limited to, the state university of New
 17 York, and the department;
 18 (ii) compiling and analyzing data on student loan borrower complaints
 19 and any subsequent resolutions;
 20 (iii) assisting student loan borrowers to understand their rights and
 21 responsibilities under the terms of student education loans;
 22 (iv) providing information to the public regarding the