Bill Caption

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

Fiscal Notes

No significant fiscal implication to State or local government.

Bill Analysis

HB 2624 would amend the Education Code to authorize a person who is in default on a loan administered by the Texas Higher Education Coordinating Board (THECB) to enter into an agreement with the coordinating board for repayment of the defaulted loan The board would be required to provide the person with a certificate certifying that the person has entered a repayment agreement. The bill would prohibit a licensing agency from renewing the license of a licensee on a list provided by the coordinating board unless the licensee presents to the agency a certificate issued by the coordinating board certifying that the licensee has entered into a repayment agreement with the coordinating board on the defaulted loan or that the licensee is not in default on a loan administered by the coordinating board. The board would identify which licensing agencies are subject to this provision.

Vote Recommendation Notes

This bill would make mostly administrative, clerical, and non-substantive updates to current code with no discernible connection to our liberty principles, therefore we are neutral on HB 2624.