Rep. Parkhurst Statement on Student Loan Servicing Rights Veto Override Vote

Springfield, IL – On Tuesday, the Illinois State House of Representatives voted to override the total veto of the Student Loan Servicing Rights Bill. State Representative Lindsay Parkhurst (R – Kankakee) commented on her vote:

“The House considered and voted to override the Student Loan Servicing Act veto this evening. I voted yes on the override because it is clear student borrowers need protection. Some student loan servicers engage in predatory lending practices. This bill requires licensure in Illinois and establishes standards and requirements for servicing federal and private student loans.”