HR 5458 · 111th Congress · Education

Christopher's Law

Introduced 2010-05-28· Sponsored by Rep. Adler, John H. [D-NJ-3]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.(2010-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Christopher Bryski Student Loan Protection Act and Christopher's Law - Amends the Truth in Lending Act to require private educational lenders and institutions of higher education (IHEs) that provide student loan counseling to discuss the benefits of advanced directives with the signers and cosigners of student loans. Requires lenders of private educational loans for which cosigners are held jointly liable to clearly and concisely define the terms of cosigners' obligations regarding such loans. Directs lenders of private educational loans which are cosigned to inform the signers and cosigners regarding the benefits of purchasing credit insurance; but prohibits such lenders from conditioning or varying the terms of such loans on the basis of whether or not credit insurance is purchased. Directs the Board of Governors of the Federal Reserve System by regulation to set standards for determining when a private educational loan signer or cosigner has died or become incapacitated or disabled. Requires such regulations to treat a determination by the Secretary of Veterans Affairs (VA) that a borrower is unemployable due to a service-connected condition as proof that such borrower is incapa…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats