Clean Slate through Repayment Act of 2019 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 repays in full the amount due on a defaulted student loan, ED must request a consumer reporting agency remove the record of default from the borrower's credit history.
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Clean Slate through Repayment Act of 2019
USA116th CongressHR-4396| House
| Updated: 9/19/2019
Clean Slate through Repayment Act of 2019 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 repays in full the amount due on a defaulted student loan, ED must request a consumer reporting agency remove the record of default from the borrower's credit history.