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ARTICLE · 29 MARCH 2016

Senate Likely To Address Higher Education Bills Next Week

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Next week, the Massachusetts Senate is likely to address legislation that will have an impact on higher education institutions in Massachusetts, their students and financial institutions extending loans to such students.

United StatesConsumer Protection
Daniel Connelly
Daniel Connelly
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Next week, the Massachusetts Senate is likely to address legislation that will have an impact on higher education institutions in Massachusetts, their students and financial institutions extending loans to such students.  These bills are among the first substantial pieces of legislation in the area of education to be taken up during the 2015-2016 legislative session.

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.  The full text of the bill can be found here.

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