SACRAMENTO - Assemblymember Mark Stone (D-Monterey Bay) wrote a number of new laws that will take effect on January 1, 2017.
Improving the Economic Security of Students and Working Families
AB 2251 (Stone) Student Loan Servicing Act: This measure protects student borrowers from confusing loan practices that can create crushing, insurmountable debt and can create a drag on the economy. It 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. Attorney General (and Senator-Elect) Kamala Harris sponsored these reforms.