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'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.
2020, c. 436.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 2 - State Council of Higher Education for Virginia
§ 23.1-201. Student advisory committee
§ 23.1-202. Employment of director and other personnel
§ 23.1-204.1. Postgraduation employment rates
§ 23.1-205. Authority to carry out federal requirements
§ 23.1-206. Assessments of the performance of public institutions of higher education
§ 23.1-207. Tuition relief and refunds and reinstatement for certain students in the Armed Forces
§ 23.1-208. Budget requests and recommendations
§ 23.1-209. Reports of expenditures of state funds
§ 23.1-214. Certified mail; subsequent mail or notices may be sent by regular mail
§ 23.1-216. Career College Advisory Board established
§ 23.1-217. Certification required
§ 23.1-218. List of postsecondary schools holding valid certification
§ 23.1-219. Council certification; requirements and prohibitions
§ 23.1-220. Approval procedures
§ 23.1-221. Refusal, suspension, and revocation of approval or certification
§ 23.1-223. Preservation of students' records
§ 23.1-227. Laws of the Commonwealth to apply to contracts
§ 23.1-228. Violations; penalties; remedies
§ 23.1-229. Postsecondary school closure procedures
§ 23.1-230. Enrollment agreements required
§ 23.1-232. Office of the Qualified Education Loan Ombudsman established; duties
§ 23.1-233. Qualified education loan borrower education course
§ 23.1-233.1. Qualified education loans; certain providers; contact information and summary