Virginia § 23.1-233.1 Qualified education loans; certain providers; contact information and summary

Virginia Statutes

§ 23.1-233.1 — Qualified education loans; certain providers; contact information and summary

Virginia § 23.1-233.1

JurisdictionVirginia

Title 23.1Institutions of Higher Education; Other Educational and Cultural Institutions

Subtitle IGeneral Provisions

Ch. 2State Council of Higher Education for Virginia

Art. 4Office of the Qualified Education Loan Ombudsman

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Bluebook

Va. Code Ann. § 23.1-233.1 (2026).

Text

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.

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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.