(18:01) SACRAMENTO- Local Assemblyman Mark Stone (D-Monterey Bay) has introduced the Student Loan Borrowers’ Bill of Rights.Assembly Bill 2251, sponsored by Attorney General Kamala Harris, requires loan servicers to provide reliable information about loan repayment options, quality customer service and fair treatment, and meaningful access to federal affordable repayment and loan forgiveness benefits. The measure requires that student borrowers possess explicit information about the terms of their loans and options for payment plans and requires servicers to adhere to this new California standard.
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