All Roll Calls
Yes: 198 • No: 0
New YorkA 80672025-2026 Regular SessionHouse
Relates to an exemption from the licensing requirements for servicers of student loans
Sponsored By: Harvey Epstein (Democratic)
Signed by Governor
BANKSRULES
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Some student loan servicers skip state licensing
Effective immediately upon enactment, New York exempts organizations classified as exempt that service student loans from state servicer licensing. They must notify the state superintendent that they service student loans in New York. They must follow Banking Law sections 717, 719, 721, 723, and 725, Financial Services Law Article 9, and applicable superintendent regulations. The exemption applies only where federal law does not override it. The law does not specify a direct financial change for borrowers.
Sponsors & Cosponsors
Sponsor
Harvey Epstein
Democratic • House
Cosponsors
Chris Burdick
Democratic • House
Manny De Los Santos
Democratic • House
Roll Call Votes
Senate vote • 6/12/2025
FLOOR Vote
Yes: 59 • No: 0
House vote • 6/11/2025
Assembly floor vote
Yes: 139 • No: 0
Actions Timeline
SIGNED CHAP.589
12/5/2025HouseDELIVERED TO GOVERNOR
12/1/2025HouseRETURNED TO ASSEMBLY
6/12/2025SenatePASSED SENATE
6/12/2025Senate3RD READING CAL.1173
6/12/2025SenateSUBSTITUTED FOR S7752A
6/12/2025SenateREFERRED TO RULES
6/11/2025SenateDELIVERED TO SENATE
6/11/2025HousePASSED ASSEMBLY
6/11/2025HouseAMENDED ON THIRD READING (T) 8067A
5/19/2025HouseADVANCED TO THIRD READING CAL.118
5/1/2025HouseREPORTED
4/30/2025HouseREFERRED TO BANKS
4/23/2025House
Bill Text
Amendment A
5/19/2025
Original
4/23/2025
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