# 114-hr-3948: Student Loan Transfers Disclosure Act of 2015

114-hr-3948, Student Loan Transfers Disclosure Act of 2015, is a 114th Congress bill sponsored by Rep. Deutch, Theodore E. [D-FL-22] (D-FL); status Referred to the Subcommittee on Higher Education and Workforce Training. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3948
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3948
- Congress: 114
- Title: Student Loan Transfers Disclosure Act of 2015
- Status: Referred to the Subcommittee on Higher Education and Workforce Training.
- Introduced: 2015-11-05
- Sponsor: Rep. Deutch, Theodore E. [D-FL-22] (D-FL)
- Cosponsors: 10
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Student Loan Transfers Disclosure Act of 2015 This bill amends the Truth in Lending Act and the Higher Education Act of 1965 to establish requirements related to the transfer of servicing of postsecondary education loans. "Transfer of servicing" refers to the assignment, sale, or transfer of student loan servicing from one servicer to another. A postsecondary education lender must disclose to each loan applicant, at the time of application, whether there may be a transfer of servicing of the loan. Both the transferor servicer and the transferee servicer must provide specified notice of a transfer to the borrower within a certain timeframe. Loan payments improperly received by the transferor servicer instead of the transferee servicer (or vice versa) during the transfer period may not be treated as late. A transferee servicer shall make available a simple, online process through which the borrower may transfer any electronic fund transfer authority that the borrower had provided to the transferor servicer. The Consumer Financial Protection Bureau is authorized to establish regulations and grant reasonable exceptions in accordance with the bill. A lender shall not be liable to a borrower for failure to comply with the bill's disclosure and notice requirements with respect to events that occur before such regulations take effect. As a condition of eligibility for certain federal funding, an institution of higher education must ensure compliance with the bill's requirements.

## Cosponsors (10)

- Rep. Wilson, Frederica S. [D-FL-24] (D-FL), 2015-12-15T00:00:00.000Z
- Rep. Frankel, Lois [D-FL-22] (D-FL), 2015-12-15T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2016-02-08T00:00:00.000Z
- JOSE SERRANO (D-NY), 2016-02-08T00:00:00.000Z
- Del. Bordallo, Madeleine Z. [D-GU-At Large] (D-GU), 2016-02-09T00:00:00.000Z
- LUIS GUTIERREZ (D-IL), 2016-02-10T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2016-02-10T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2016-02-10T00:00:00.000Z
- RICHARD NOLAN (D-MN), 2016-03-14T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2016-04-18T00:00:00.000Z

## Related bills

- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-3268: PAST Act
- 114-hr-3185: Equality Act
- 114-hr-2902: Safe Schools Improvement Act of 2015
- 114-hr-2858: Humane Cosmetics Act
- 114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015

## Sources
- [114-hr-3948 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3948)

## Related
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-3268: PAST Act](https://policyrisk.com/legislation/114-hr-3268)
- [114-hr-3185: Equality Act](https://policyrisk.com/legislation/114-hr-3185)
- [114-hr-2902: Safe Schools Improvement Act of 2015](https://policyrisk.com/legislation/114-hr-2902)
- [114-hr-2858: Humane Cosmetics Act](https://policyrisk.com/legislation/114-hr-2858)
- [114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015](https://policyrisk.com/legislation/114-hr-2737)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3948 (as of 2025-11-18).