Massachusetts Senate Passes 3 Higher Education Bills

As an update to our recent post, the Massachusetts Senate took action on several important pieces of legislation that relate to higher education institutions and their students. Below is a brief summary of the activity that occurred during the passage of these bills.

Senate bill 175, An Act Relative to Unsolicited Loans, prohibits financial institutions from issuing an "unsolicited loan instrument", such as a negotiable check, money order or draft. This bill also provides protections in the event that such an instrument is used by an unauthorized third party. During the debate on the Senate floor, several amendments to this bill were adopted and, as a result, a new draft of the bill was created. The full text of the new bill, now numbered Senate bill 2194, can be found here.