Amendment116th Congress
An amendment numbered 11 printed in House Report 116-457 to provide up to $10,000 in immediate assistance to pay down the balance of private student loans. Furthermore, when borrower payments resume, the servicer would have to modify the loan to lower the monthly payment by re-amortizing the loan and/or lowering the interest rate.
- Amendment Number
- 840
- Description
- An amendment numbered 11 printed in House Report 116-457 to provide up to $10,000 in immediate assistance to pay down the balance of private student loans. Furthermore, when borrower payments resume, the servicer would have to modify the loan to lower the monthly payment by re-amortizing the loan and/or lowering the interest rate.
- Purpose
- Amendment provides up to $10,000 in immediate assistance to pay down the balance of private student loans, and requires the servicer to modify the loan when borrower payments resume.
- Congress
- 116
- Type
- HAMDT
- Latest Action Date
- Jul 21, 2020
- Latest Action Text
- On agreeing to the Dean amendment (A009) Agreed to by the Yeas and Nays: 217 - 198 (Roll no. 149). (consideration: CR H3602)
- Latest Action Time
- 15:05:14
- Submitted Date
- Jul 20, 2020
- Chamber
- House of Representatives
- Update Date
- Feb 8, 2022