A private education lender or private education loan collector shall not bring suit or initiate an arbitration or other legal proceeding to collect a private education loan if the applicable statute of limitations for the private education lender’s or private education loan collector’s claim has expired.
Cal. Civ. Code § 1788.204
Private Student Loan Collections Reform Act
Known as the Private Student Loan Collections Reform Act
The act spans §§ 1788–1788 (12 sections).
Added by Stats. 2021, Ch. 559, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.