                                 CODE OF VIRGINIA

QUALIFIED EDUCATION LOANS; CERTAIN PROVIDERS; CONTACT INFORMATION AND SUMMARY
(§ 23.1-233.1)

Any provider of private education loans, as defined in 12 C.F.R. §
1026.46(b)(5), shall disclose to any student attending an institution of higher
education in the Commonwealth, prior to issuing a qualified education loan to
such student, the contact information for the Office of the Qualified Education
Loan Ombudsman and a summary of the student loan information applicable to
private education loans that may be found on the Council&#8217;s website. Any
such disclosure may be made in conjunction with or incorporated into another
disclosure to such student prior to issuing the qualified education loan. The
summary shall be developed by the Office of the Qualified Education Loan
Ombudsman in consultation with relevant stakeholders.

HISTORY: 2020, c. 436.