Bill: HB 3198, 83(R) - 2013

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Yes Neutral Neutral Positive Neutral Neutral

Author(s)

Larry Gonzales

Bill Caption

Relating to default on a student loan administered by the Texas Higher Education Coordinating Board and to the effects of default on renewal of certain licenses.

Fiscal Notes

No significant fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated.

Bill Analysis

Summary: HB 3198 would require a cosigner or guarantor on a student's loan from the Texas Higher Education Coordinating (THECB) to provide payment if a student defaults on a loan. In addition, it would allow but not require the Attorney General to sue for the unpaid amount and would localize all suits to take place in Travis County.

Analysis: HB 3198 would hold cosigners and guarantors responsible to pay for debts on student loans that they signed for. This would aid in ensuring repayment from individuals who are responsible. We support HB 3198.

Source URL (retrieved on 04/23/2024 03:04 PM): http://reports.texasaction.com/bill/83r/hb3198?print_view=true