H.R. 4395 · 116th Congress
Clean Slate through Consolidation Act
- Stage
- In committee
- Sponsor
- Haley Stevens
- Introduced
- 2019-09-19
- Latest action
- 2019-09-19 · Introduced in House
Summary
Clean Slate through Consolidation Act
This bill requires the Department of Education (ED) to have a record of default removed from a borrower's credit history in certain circumstances.
Specifically, when a borrower obtains a Federal Direct Consolidation Loan discharging the borrower's liability on a defaulted student loan, ED must request a consumer reporting agency remove the record of default from the borrower's credit history.