Maryland 2025 Regular Session

Maryland House Bill HB920 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3	3		EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4		[Brackets] indicate matter deleted from existing law.
5		-	Underlining indicates amendments to bill.
6		-	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
7		-	amendment.
8	5		hb0920
9	6
10	7		HOUSE BILL 920
11	8		F2 5lr1267
12	9		HB 708/24 – APP
13	10		By: Delegates Spiegel, Kaufman, Lopez, and Terrasa
14	11		Introduced and read first time: January 31, 2025
15	12		Assigned to: Appropriations
16		-	Committee Report: Favorable
17		-	House action: Adopted
18		-	Read second time: February 27, 2025
19	13
20		-	~~CHAPTER ______~~
	14	+	A BILL ENTITLED
21	15
22	16		AN ACT concerning 1
23	17
24	18		Institutions of Postsecondary Education – Institutional Debt – Report 2
25	19
26	20		FOR the purpose of requiring institutions of postsecondary education to submit a report on 3
27	21		institutional debt to the Maryland Higher Education Commission each year; 4
28	22		authorizing the Commission to assess a civil penalty against an institution for failure 5
29	23		to submit a report or knowingly including inaccurate information in a report; 6
30	24		establishing certain notice and hearing procedures that the Commission must follow 7
31	25		before assessing a civil penalty against an institution; and generally relating to 8
32	26		institutional debt reporting by institutions of postsecondary education. 9
33	27
34	28		BY adding to 10
35	29		Article – Education 11
36	30		Section 11–212 12
37	31		Annotated Code of Maryland 13
38	32		(2022 Replacement Volume and 2024 Supplement) 14
39	33
40	34		SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 15
41	35		That the Laws of Maryland read as follows: 16
42	36
43	37		Article – Education 17
44	38
45	39		11–212. 18
46	40
47	41		(A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEAN INGS 19
48		-	INDICATED. 20 2 HOUSE BILL 920
	42	+	INDICATED. 20
	43	+
	44	+	(2) “ADMINISTRATIVE HOLD ” MEANS ANY HOLD OR LI MITATION ON A 21
	45	+	STUDENT’S ACCOUNT AT AN INST ITUTION OF POSTSECON DARY EDUCATION THAT 22
	46	+	PREVENTS THE STUDENT FROM ENROLLING IN CO URSES, OBTAINING OR RESIDIN G 23
	47	+	IN CAMPUS HOUSING , USING FACILITIES, OR OTHERWISE LIMITING T HE STUDENT’S 24 2 HOUSE BILL 920
	48	+
	49	+
	50	+	ACCESS TO THE INSTIT UTION’S FACILITIES OR RESO URCES. 1
	51	+
	52	+	(3) “CHARGE OFF” MEANS AN ACCOUNTING MECHANISM BY WHICH 2
	53	+	AN INSTITUTION OF PO STSECONDARY EDUCATIO N INDICATES IT NO LO NGER 3
	54	+	EXPECTS TO COLLECT A N INSTITUTIONAL DEBT , REGARDLESS OF WHETHE R THE 4
	55	+	INSTITUTION: 5
	56	+
	57	+	(I) REMOVES THE DEBT FROM ITS RECORDS; 6
	58	+
	59	+	(II) PURSUES THE STUDENT O WING THE DEBT ; 7
	60	+
	61	+	(III) ACCEPTS PAYMENT FOR T HE DEBT; OR 8
	62	+
	63	+	(IV) SELLS THE DEBT. 9
	64	+
	65	+	(4) “DEMOGRAPHIC CATEGORIE S” MEANS THE FOLLOWING GROUPS 10
	66	+	AND POPULATIONS : 11
	67	+
	68	+	(I) RACE; 12
	69	+
	70	+	(II) ETHNICITY; 13
	71	+
	72	+	(III) AGE; 14
	73	+
	74	+	(IV) GENDER; 15
	75	+
	76	+	(V) IN–STATE OR OUT–OF–STATE RESIDENCY ; 16
	77	+
	78	+	(VI) ENROLLMENT STATUS ; AND 17
	79	+
	80	+	(VII) DEGREE, CERTIFICATE, OR CREDENTIAL CONFER RED OR 18
	81	+	PURSUED. 19
	82	+
	83	+	(5) (I) “INSTITUTIONAL DEBT ” MEANS AN EXTENSION O F CREDIT, 20
	84	+	DEBT, OR OBLIGATION OWED O R INCURRED BY A STUD ENT, IN THE STUDENT ’S 21
	85	+	CAPACITY AS A STUDEN T, TO AN INSTITUTION OF POSTSECONDARY EDUCAT ION. 22
	86	+
	87	+	(II) “INSTITUTIONAL DEBT ” INCLUDES CREDIT , DEBT, OR 23
	88	+	OBLIGATION FOR : 24
	89	+
	90	+	1. TUITION CHARGES; 25
	91	+
	92	+	2. ROOM AND BOARD CHARGE S; AND 26 HOUSE BILL 920 3
49	93
50	94
51	95
52		-	(2) “ADMINISTRATIVE HOLD ” MEANS ANY HOLD OR LI MITATION ON A 1
53		-	STUDENT’S ACCOUNT AT AN INST ITUTION OF POSTSECON DARY EDUCATION THAT 2
54		-	PREVENTS THE STUDENT FROM ENROLLING IN CO URSES, OBTAINING OR RESIDIN G 3
55		-	IN CAMPUS HOUSING , USING FACILITIES, OR OTHERWISE LIMITIN G THE STUDENT’S 4
56		-	ACCESS TO THE INSTIT UTION’S FACILITIES OR RESO URCES. 5
	96	+	3. FINES AND FEES. 1
57	97
58		-	(3) “CHARGE OFF” MEANS AN ACCOUNTING MECHANISM BY WHICH 6
59		-	AN INSTITUTION OF PO STSECONDARY EDUCATIO N INDICATES IT NO LO NGER 7
60		-	EXPECTS TO COLLECT A N INSTITUTIONAL DEBT , REGARDLESS OF WHETHE R THE 8
61		-	INSTITUTION: 9
	98	+	(6) “NONJUDICIAL COLLECTIO N” MEANS COLLECTION OF 2
	99	+	INSTITUTIONAL DEBT O WED BY A STUDENT TO A STATE AGENCY BY THE CENTRAL 3
	100	+	COLLECTION UNIT IN THE DEPARTMENT OF BUDGET AND MANAGEMENT . 4
62	101
63		-	(I) REMOVES THE DEBT FROM ITS RECORDS; 10
	102	+	(7) “TUITION PAYMENT PLAN ” MEANS AN AGREEMENT U NDER WHICH 5
	103	+	AN INSTITUTION OF PO STSECONDARY EDUCATIO N ALLOWS A STUDENT T O ENROLL 6
	104	+	FOR AN ACADEMIC TERM AND DEFER PAYMENT OF PARTIAL OR FULL COST S 7
	105	+	ASSOCIATED WITH THAT TERM. 8
64	106
65		-	(II) PURSUES THE STUDENT O WING THE DEBT ; 11
	107	+	(8) “VOLUNTARY PAYMENT ” MEANS A PAY MENT MADE BY A STUDE NT 9
	108	+	TO AN INSTITUTION OF POSTSECONDARY EDUCAT ION TO PAY AN INSTIT UTIONAL 10
	109	+	DEBT, IN WHOLE OR IN PART , THAT WAS NOT MADE IN ACCORDANCE WITH A CO URT 11
	110	+	JUDGMENT OR A NONJUD ICIAL COLLECTION . 12
66	111
67		-	(III) ACCEPTS PAYMENT FOR T HE DEBT; OR 12
	112	+	(B) (1) ON OR BEFORE OCTOBER 1, 2026, AND EACH OCTOBER 1 13
	113	+	THEREAFTER , AN INSTITUTION OF PO STSECONDARY EDUCATIO N SHALL SUBMIT TO 14
	114	+	THE COMMISSION A REPORT O N INSTITUTIONAL DEBT IN ACCORDANCE WITH 15
	115	+	SUBSECTION (C) OF THIS SECTION. 16
68	116
69		-	(IV) SELLS THE DEBT. 13
	117	+	(2) ON OR BEFORE DECEMBER 1, 2026, AND EACH DECEMBER 1 17
	118	+	THEREAFTER , THE COMMISSION SHALL, IN ACCORDANCE WITH § 2–1257 OF THE 18
	119	+	STATE GOVERNMENT ARTICLE, SUBMIT A REPORT TO T HE GENERAL ASSEMBLY 19
	120	+	SUMMARIZING THE REPO RTS SUBMITTED TO THE COMMISSION BY INSTITU TIONS OF 20
	121	+	POSTSECONDARY EDUCAT ION UNDER THIS SECTI ON. 21
70	122
71		-	(4) “DEMOGRAPHIC CATEGORIE S” MEANS THE FOLLOWING GROUPS 14
72		-	AND POPULATIONS : 15
	123	+	(C) THE REPORT REQUIRED UNDE R SUBSECTION (B)(1) OF THIS SECTION 22
	124	+	SHALL INCLUDE THE FO LLOWING INFORMATION AS REFLECTED ON THE LAST DAY 23
	125	+	OF THE PREVIOUS FISC AL YEAR: 24
73	126
74		-	(I) RACE; 16
	127	+	(1) TOTAL STUDENT ENROLLM ENT, DISAGGREGATED BY 25
	128	+	DEMOGRAPHIC CATEGORI ES; 26
75	129
76		-	(II) ETHNICITY; 17
	130	+	(2) TOTAL DOLLAR AMOUNT O F INSTITUTIONAL DEBT , 27
	131	+	DISAGGREGATED BY : 28
77	132
78		-	(~~III~~) ~~AGE~~; 18
	133	+	(I) DEMOGRAPHIC CATEGORIE S; 29
79	134
80		-	(IV) GENDER; 19
81		-
82		-	(V) IN–STATE OR OUT–OF–STATE RESIDENCY ; 20
83		-
84		-	(VI) ENROLLMENT STATUS ; AND 21
85		-
86		-	(VII) DEGREE, CERTIFICATE, OR CREDENTIAL CONFER RED OR 22
87		-	PURSUED. 23
88		-
89		-	(5) (I) “INSTITUTIONAL DEBT ” MEANS AN EXTENSION O F CREDIT, 24
90		-	DEBT, OR OBLIGATION OWED O R INCURRED BY A STUD ENT, IN THE STUDENT ’S 25
91		-	CAPACITY AS A STUDEN T, TO AN INSTITUTION OF POSTSECONDARY EDUCAT ION. 26
92		-
93		-	(II) “INSTITUTIONAL DEBT ” INCLUDES CREDIT , DEBT, OR 27 HOUSE BILL 920 3
94		-
95		-
96		-	OBLIGATION FOR : 1
97		-
98		-	1. TUITION CHARGES ; 2
99		-
100		-	2. ROOM AND BOARD CHARGES ; AND 3
101		-
102		-	3. FINES AND FEES. 4
103		-
104		-	(6) “NONJUDICIAL COLLECTIO N” MEANS COLLECTION OF 5
105		-	INSTITUTIONAL DEBT O WED BY A STUDENT TO A STATE AGENCY BY THE CENTRAL 6
106		-	COLLECTION UNIT IN THE DEPARTMENT OF BUDGET AND MANAGEMENT . 7
107		-
108		-	(7) “TUITION PAYMENT PLAN ” MEANS AN AGREEMENT U NDER WHICH 8
109		-	AN INSTITUTION OF PO STSECONDARY EDUCATIO N ALLOWS A STUDENT T O ENROLL 9
110		-	FOR AN ACADEMIC TERM AND DEFER PAYMENT OF PARTIAL OR FULL COST S 10
111		-	ASSOCIATED WITH THAT TERM. 11
112		-
113		-	(8) “VOLUNTARY PAYMENT ” MEANS A PAYMENT MADE BY A STUDENT 12
114		-	TO AN INSTITUTION OF PO STSECONDARY EDUCATIO N TO PAY AN INSTITUT IONAL 13
115		-	DEBT, IN WHOLE OR IN PART , THAT WAS NOT MADE IN ACCORDANCE WITH A CO URT 14
116		-	JUDGMENT OR A NONJUD ICIAL COLLECTION . 15
117		-
118		-	(B) (1) ON OR BEFORE OCTOBER 1, 2026, AND EACH OCTOBER 1 16
119		-	THEREAFTER , AN INSTITUTION OF POSTSECOND ARY EDUCATION SHALL SUBMIT TO 17
120		-	THE COMMISSION A REPORT O N INSTITUTIONAL DEBT IN ACCORDANCE WITH 18
121		-	SUBSECTION (C) OF THIS SECTION. 19
122		-
123		-	(2) ON OR BEFORE DECEMBER 1, 2026, AND EACH DECEMBER 1 20
124		-	THEREAFTER , THE COMMISSION SHALL , IN ACCORDANCE WIT H § 2–1257 OF THE 21
125		-	STATE GOVERNMENT ARTICLE, SUBMIT A REPORT TO T HE GENERAL ASSEMBLY 22
126		-	SUMMARIZING THE REPO RTS SUBMITTED TO THE COMMISSION BY INSTITU TIONS OF 23
127		-	POSTSECONDARY EDUCAT ION UNDER THIS SECTI ON. 24
128		-
129		-	(C) THE REPORT REQUIRED UNDE R SUBSECTION (B)(1) OF THIS SECTION 25
130		-	SHALL INCLUDE THE FO LLOWING INFORMATION AS REFLECTED ON THE LAST DAY 26
131		-	OF THE PREVIOUS FISC AL YEAR: 27
132		-
133		-	(1) TOTAL STUDENT ENROLLM ENT, DISAGGREGATED BY 28
134		-	DEMOGRAPHIC CATEGORI ES; 29
135		-
136		-	(2) TOTAL DOLLAR AMOUNT O F INSTITUTIONAL DEBT , 30
137		-	DISAGGREGATED BY : 31
	135	+	(II) NUMBER OF ENROLLED AN D FORMER STUDENTS WH O OWE 30
	136	+	INSTITUTIONAL DEBT ; 31
138	137		4 HOUSE BILL 920
139	138
140	139
141		-	(I) ~~DEMOGRAPHIC CATEGORIE S~~; 1
	140	+	(III) LENGTH OF TIME INSTIT UTIONAL DEBT HAS BEE N OWED; 1
142	141
143		-	(II) ~~NUMBER~~ OF ~~ENROLLED AN~~ D ~~FORMER STUDENTS WH O OWE~~ 2
144		-	~~INSTITUTIONAL DEBT~~ ; 3
	142	+	(IV) TYPE OF CHARGES FOR W HICH INSTITUTIONAL D EBT WAS 2
	143	+	INCURRED; 3
145	144
146		-	(III) LENGTH OF TIME INSTIT UTIONAL DEBT HAS BEE N OWED; 4
	145	+	(V) PERCENTAGE AND TOTAL NUMBER OF STUDENTS W ITH 4
	146	+	INSTITUTIONAL DEBT W HO RECEIVED A FEDERA L PELL GRANT; AND 5
147	147
148		-	(IV) ~~TYPE OF CHARGES FOR W HICH INSTITUTIONAL D EBT WAS 5~~
149		-	~~INCURRED~~; 6
	148	+	(VI) DEBT AMOUNT THAT ACCR UED DURING THAT FISC AL YEAR 6
	149	+	AND DEBT AMOUNT THAT ACCRUED BEFORE THAT FISCAL YEAR; 7
150	150
151		-	(V) PERCENTAGE A ND TOTAL NUMBER OF S TUDENTS WITH 7
152		-	INSTITUTIONAL DEBT W HO RECEIVED A FEDERA L PELL GRANT; AND 8
	151	+	(3) STATUS AND COLLECTION OF INSTITUTIONAL DEBT , INCLUDING: 8
153	152
154		-	(VI) ~~DEBT~~ AMOUNT ~~THAT ACCR UED DURING THAT FISC AL YEAR~~ 9
155		-	AND ~~DEBT AMOUNT THAT ACCRUED BEFORE THAT FISCAL YEAR~~; 10
	153	+	(I) PERCENTAGE AND TOTAL AMOUNT OF INSTITUTIO NAL 9
	154	+	DEBT HELD IN GOOD ST ANDING AND PAST DUE ; 10
156	155
157		-	(3) STATUS AND COLLECTION OF INSTITUTIONAL DEB T, INCLUDING: 11
	156	+	(II) THE NUMBER AND TOTAL AMOUNT OF INSTITUTIO NAL 11
	157	+	DEBTS UNDER TUITION PAYMENT PLANS , INCLUDING THE PERCEN TAGE THAT ARE 12
	158	+	IN GOOD STANDING OR PAST DUE ; 13
158	159
159		-	(I) PERCENTAGE AND TOTAL AMOUNT OF INSTITUTIO NAL 12
160		-	DEBT HELD IN GOOD ST ANDING AND PAST DUE ; 13
	160	+	(III) THE NUMBER AND TOTAL AMOUNT OF INSTITUTIO NAL 14
	161	+	DEBTS UNDER STUDENT LOANS OWED TO THE IN STITUTION, INCLUDING THE 15
	162	+	PERCENTAGE THAT ARE IN GOOD STANDING AND PAST DUE; 16
161	163
162		-	(II) ~~THE~~ NUMBER AND ~~TOTAL AMOUNT OF INSTITUTIO NAL 14~~
163		-	~~DEBTS UNDER TUITION~~ PAYMENT ~~PLANS , INCLUDING~~ THE ~~PERCEN TAGE~~ THAT ~~ARE 15~~
164		-	~~IN GOOD STANDING OR PAST DUE~~; 16
	164	+	(IV) NUMBER OF ENROLLED ST UDENTS AND FORMER ST UDENTS 17
	165	+	WHO MADE VOLUNTARY PAYMENT S TO THE INSTITUTION DURING THAT FISCAL Y EAR 18
	166	+	AND THE TOTAL AMOUNT PAID; 19
165	167
166		-	(III) THE NUMBER AND TOTAL AMOUNT OF INSTITUTIO NAL 17
167		-	DEBTS UNDER STUDENT LOANS OWED TO THE IN STITUTION, INCLUDING THE 18
168		-	PERCENTAGE THAT ARE IN GOOD STANDING AND PAST DUE; 19
	168	+	(V) PERCENTAGE AND TOTAL AMOUNT OF INSTITUTIO NAL 20
	169	+	DEBT CHARGED OFF DUR ING THAT FISCAL YEAR ; 21
169	170
170		-	(IV) NUMBER OF ENROLLED ST UDENTS AND FORMER ST UDENTS 20
171		-	WHO MADE VOLUNTARY P AYMENTS TO THE INSTITUTION D URING THAT FISCAL YE AR 21
172		-	AND THE TOTAL AMOUNT PAID; 22
	171	+	(VI) NUMBER OF STUDENT ACC OUNTS REPORTED TO A CREDIT 22
	172	+	REPORTING AG ENCY DURING THAT FIS CAL YEAR; 23
173	173
174		-	(V) PERCENTAGE AND TOTAL AMOUNT OF INSTITUTIO NAL 23
175		-	DEBT CHARGED OFF DUR ING THAT FISCAL YEAR ; 24
	174	+	(VII) PERCENTAGE AND NUMBER OF STUDENT ACCOUNTS 24
	175	+	REFERRED TO A THIRD PARTY FOR DEBT COLLE CTION OR SALE DURING THAT 25
	176	+	FISCAL YEAR, INCLUDING DEBT COLLE CTION AGENCIES , DEBT COLLECTORS , AND 26
	177	+	DEBT BUYERS, AND TOTAL AMOUNT COL LECTED; 27
176	178
177		-	(VI) NUMBER OF STUDENT ACC OUNTS REPORTED TO A CREDIT 25
178		-	REPORTING AGENCY DUR ING THAT FISCAL YEAR; 26
179		-
180		-	(VII) PERCENTAGE AND NUMBER OF STUDENT ACCOUNTS 27
181		-	REFERRED TO A THIRD PARTY FOR DEBT COLLE CTION OR SALE DURING THAT 28
182		-	FISCAL YEAR, INCLUDING DEBT COLLE CTION AGENCIES , DEBT COLLECTORS , AND 29
183		-	DEBT BUYERS, AND TOTAL AMOUNT COL LECTED; 30 HOUSE BILL 920 5
	179	+	(VIII) PERCENTAGE AND NUMBER OF STUDENT ACCOUNTS 28
	180	+	SUBJECT TO LITIGATIO N BY THE INSTITUTION DURING THAT FISCAL Y EAR AND THE 29
	181	+	TOTAL AMOUNT COLLECT ED; AND 30
	182	+	HOUSE BILL 920 5
184	183
185	184
	185	+	(IX) FOR PUBLIC INSTITUTIO NS ONLY, PERCENTAGE AND 1
	186	+	NUMBER OF STUDENT AC COUNTS REFERRED TO N ONJUDICIAL COLLECTION DUR ING 2
	187	+	THAT FISCAL YEAR AND THE TOTAL AMOUNT COL LECTED; 3
186	188
187		-	(VIII) PERCENTAGE AND NUMBER OF ST UDENT ACCOUNTS 1
188		-	SUBJECT TO LITIGATIO N BY THE INSTITUTION DURING THAT FISCAL Y EAR AND THE 2
189		-	TOTAL AMOUNT COLLECT ED; AND 3
	189	+	(4) ADMINISTRATIVE HOLD A CTIONS BY THE INSTIT UTION, 4
	190	+	INCLUDING: 5
190	191
191		-	(IX) FOR PUBLIC INSTITUTIO NS ONLY, PERCENTAGE AND 4
192		-	NUMBER OF STUDENT AC COUNTS REFERRED TO N ONJUDICIAL COLLECTIO N DURING 5
193		-	THAT FISCAL YEAR AND THE TOTAL AMOUNT COL LECTED; 6
	192	+	(I) NUMBER OF ENROLLED ST UDENTS OR FORMER STU DENTS 6
	193	+	WITH AN ADMINISTRATI VE HOLD DUE TO INSTI TUTIONAL DEBT ; AND 7
194	194
195		-	(4) ADMINISTRATIVE HOLD A CTIONS BY THE INSTIT UTION, 7
196		-	INCLUDING: 8
	195	+	(II) NUMBER OF ENROLLED ST UDENTS OR FORMER STU DENTS 8
	196	+	WHO HAVE COMPLETED A LL REQUIRED COURSES BUT ON WHOM A DEGREE HAS NOT 9
	197	+	BEEN CONFERRED DUE T O INSTITUTIONAL DEBT ; 10
197	198
198		-	(I) NUMBER OF ENROLLED ST UDENTS OR FORMER STU DENTS 9
199		-	WITH AN ADMINISTRATI VE HOLD DUE TO INSTI TUTIONAL DEBT ; AND 10
	199	+	(5) A LIST OF PERSONS USED BY THE INSTITUTION F OR 11
	200	+	INSTITUTIONAL DEBT –RELATED ACTIVITIES , INCLUDING ORIGINATIN G LOANS, 12
	201	+	ESTABLISHING AND FAC ILITATING INSTALLMEN T PLANS OR DEBT PAYM ENT, AND 13
	202	+	INITIATING LAWSUITS ; 14
200	203
201		-	(II) ~~NUMBER~~ OF ~~ENROL LED STUDENTS OR FORM ER STUDENTS 11~~
202		-	~~WHO HAVE COMPLETED~~ A ~~LL REQUIRED COURSES BUT ON WHOM A DEGREE HAS NOT 12~~
203		-	~~BEEN CONFERRED DUE T O INSTITUTIONAL DEBT~~ ; 13
	204	+	(6) A COPY OF ANY MODEL IN STRUMENT USED BY THE INSTITUTION 15
	205	+	TO ESTABLISH AN INST ITUTIONAL DEBT , INCLUDING A PROMISSO RY NOTE, AN 16
	206	+	ENROLLM ENT AGREEMENT , A TUITION PAYMENT PL AN, OR A CONTRACT ; 17
204	207
205		-	(5) A LIST OF PERSONS USED BY THE INSTITUTION F OR 14
206		-	INSTITUTIONAL DEBT –RELATED ACTIVITIES , INCLUDING ORIGINATIN G LOANS, 15
207		-	ESTABLISHING AND FAC ILITATING INSTALLMEN T PLANS OR DEBT PAYM ENT, AND 16
208		-	INITIATING LAWSUITS ; 17
	208	+	(7) A SUMMARY OF AND CITAT ION TO THE INSTITUTI ON’S POLICIES 18
	209	+	RELATING TO AN ENROL LED STUDENT’S FINANCIAL OBLIGATI ONS, INCLUDING: 19
209	210
210		-	(6) A COPY OF ANY MODEL IN STRUMENT USED BY THE INSTITUTION 18
211		-	TO ESTABLISH AN INST ITUTIONAL DEBT , INCLUDING A PROMISSO RY NOTE, AN 19
212		-	ENROLLMENT AGREEMENT , A TUITION PAYMENT PLAN , OR A CONTRACT ; 20
	211	+	(I) TUITION PAYMENT PLANS ; 20
213	212
214		-	(7) A SUMMARY OF AND CITAT ION TO THE INSTITUTI ON’S POLICIES 21
215		-	RELATING TO AN ENROL LED STUDENT’S FINANCIAL OBLIGATI ONS, INCLUDING: 22
	213	+	(II) STUDENT LOANS OWED TO THE INSTITUTION; 21
216	214
217		-	(I) ~~TUITION PAYMENT PLANS~~ ; 23
	215	+	(III) ADMINISTRATIVE HOLDS ; 22
218	216
219		-	(II) ~~STUDENT LOANS OWED TO THE INSTITUTION~~ ; 24
	217	+	(IV) DEBT COLLECTION ; AND 23
220	218
221		-	(~~III~~) ~~ADMINISTRATIVE HOLDS~~ ; 25
	219	+	(V) REPORTS TO CREDIT REP ORTING AGENCIES ; AND 24
222	220
223		-	(IV) DEBT COLLECTION ; AND 26
	221	+	(8) ANY OTHER INFORMATION THE COMMISSION DETERMINES IS 25
	222	+	RELEVANT TO EVALUATI NG INSTITUTIONAL DEB TS. 26
224	223
225		-	(V) ~~REPORTS~~ TO ~~CREDIT REP ORTING AGENCIES ; AND~~ 27
226		-
227		-	~~(8) ANY OTHER~~ INFORMATION ~~THE COMMISSION DETERMINES IS 28~~
228		-	~~RELEVANT TO EVALUATI NG INSTITUTIONAL DEB TS. 29~~ 6 HOUSE BILL 920
	224	+	(D) NOTHING IN THIS SECTI ON MAY BE CONSTRUED TO REQU IRE AN 27
	225	+	INSTITUTION OF POSTS ECONDARY EDUCATION T O REPORT PERSONAL ID ENTIFYING 28
	226	+	INFORMATION OF AN EN ROLLED STUDENT OR A FORMER STUDENT . 29
	227	+	6 HOUSE BILL 920
229	228
230	229
	230	+	(E) (1) SUBJECT TO PARAGRAPH S (2) AND (3) OF THIS SUBSECTION , THE 1
	231	+	COMMISSION MAY ASSESS A CIVIL PENALTY AGAINST AN INSTIT UTION OF 2
	232	+	POSTSECONDARY EDUCAT ION IF THE INSTITUTI ON FAILS TO SUBMIT A REPORT 3
	233	+	REQUIRED UNDER SUBSE CTION (B) OF THIS SECTION OR K NOWINGLY INCLUDES 4
	234	+	INACCURATE INFORMATI ON IN A REPORT AS DETERMINED BY THE COMMISSION. 5
231	235
232		-	(D) NOTHING IN THIS SECTI ON MAY BE CONSTRUED TO REQUIRE AN 1
233		-	INSTITUTION OF POSTS ECONDARY EDUCATION T O REPORT PERSONAL ID ENTIFYING 2
234		-	INFORMATION OF AN EN ROLLED STUDENT OR A FORMER STUDENT . 3
	236	+	(2) (I) BEFORE ASSESSING A PENALTY , THE COMMISSION SHALL 6
	237	+	SEND THE INSTITUTION OF POSTSECONDARY EDU CATION A NOTICE OF T HE 7
	238	+	CHARGES AGAINST THE INSTITUTION AND GIVE THE INSTITUTION AN O PPORTUNITY 8
	239	+	TO REQUEST A HEARING WITHIN 20 DAYS AFTER THE DATE OF RECEIPT OF THE 9
	240	+	NOTICE. 10
235	241
236		-	(E) (1) SUBJECT TO PARAGRAPH S (2) AND (3) OF THIS SUBSECTION , THE 4
237		-	COMMISSION MAY ASSESS A CIVIL PENALTY AGAINST AN I NSTITUTION OF 5
238		-	POSTSECONDARY EDUCAT ION IF THE INSTITUTI ON FAILS TO SUBMIT A REPORT 6
239		-	REQUIRED UNDER SUBSE CTION (B) OF THIS SECTION OR K NOWINGLY INCLUDES 7
240		-	INACCURATE INFORMATI ON IN A REPORT AS DETERMINED BY THE COMMISSION. 8
	242	+	(II) A NOTICE OF CHARGES UN DER SUBPARAGRAPH (I) OF THIS 11
	243	+	PARAGRAPH SHALL : 12
241	244
242		-	(2) (I) BEFORE ASSESSING A PENALTY , THE COMMISSION SHALL 9
243		-	SEND THE INSTITUTION OF POSTSECONDARY EDU CATION A NOTICE OF T HE 10
244		-	CHARGES AGAINST THE INSTITUTION AND GIVE THE INSTITUTION AN O PPORTUNITY 11
245		-	TO REQUEST A HEARING WITHIN 20 DAYS AFTER THE DATE OF RECEIPT OF THE 12
246		-	NOTICE. 13
	245	+	1. DESCRIBE THE DEFICIEN CIES IN THE REPORT ; AND 13
247	246
248		-	(II) A NOTICE OF CHARGES UN DER SUBPARAGRAPH (I) OF THIS 14
249		-	PARAGRAPH SHALL : 15
	247	+	2. DIRECT THE INSTITUTIO N TO CORRECT THE 14
	248	+	DEFICIENCIES WITHIN 30 DAYS AFTER THE DAY T HE INSTITUTION RECEI VED THE 15
	249	+	NOTICE FROM THE COMMISSION. 16
250	250
251		-	1. DESCRIBE THE DEFICIEN CIES IN THE REPORT ; AND 16
	251	+	(3) IF THE INSTITUTION OF POSTSECONDARY EDUCAT ION REQUESTS 17
	252	+	A HEARING WITHIN THE 20–DAY PERIOD: 18
252	253
253		-	2. DIRECT THE INSTITUTIO N TO CORRECT THE 17
254		-	DEFICIENCIES WITHIN 30 DAYS AFTER THE DAY T HE INSTITUTION RECEI VED THE 18
255		-	NOTICE FRO M THE COMMISSION. 19
	254	+	(I) THE COMMISSION SHALL PROM PTLY HOLD A HEARING NOT 19
	255	+	LATER THAN 60 DAYS AFTER RECEIPT O F THE REQUEST FOR A HEARING; AND 20
256	256
257		-	(3) IF THE INSTITUTION OF POSTSECONDARY EDUCAT ION REQUESTS 20
258		-	A HEARING WITHIN THE 20–DAY PERIOD: 21
	257	+	(II) THE INSTITUTION SHALL HA VE THE OPPORTUNITY T O BE 21
	258	+	HEARD PUBLICLY BEFOR E THE COMMISSION IN THE INS TITUTION’S OWN DEFENSE , 22
	259	+	IN PERSON, AND BY COUNSEL . 23
259	260
260		-	(I) THE COMMISSION SHALL PROM PTLY HOLD A HEARING NOT 22
261		-	LATER THAN 60 DAYS AFTER RECEIPT O F THE REQUEST FOR A HEARING; AND 23
	261	+	(4) IF THE COMMISSION DETERMINES THAT AN INSTITUTION OF 24
	262	+	POSTSECONDARY EDUCAT ION FAILS TO SUBMIT A REPORT REQUI RED UNDER 25
	263	+	SUBSECTION (B) OF THIS SECTION OR K NOWINGLY INCLUDES IN ACCURATE 26
	264	+	INFORMATION IN A REPORT, THE COMMISSION MAY IMPOSE A CIVIL PENALTY, NOT 27
	265	+	EXCEEDING $10,000, FOR EACH VIOLATION . 28
262	266
263		-	(II) THE INSTITUTION SHALL HAVE THE OPPORTUNITY TO B E 24
264		-	HEARD PUBLICLY BEFOR E THE COMMISSION IN THE INS TITUTION’S OWN DEFENSE , 25
265		-	IN PERSON, AND BY COUNSEL . 26
	267	+	(F) THE COMMISSION SHALL ADOP T REGULATIONS TO CAR RY OUT THIS 29
	268	+	SECTION. 30
266	269
267		-	(4) IF THE COMMISSION DETERMINES THAT AN INSTITUTION OF 27
268		-	POSTSECONDARY EDUCAT ION FAILS TO SUBMIT A REPORT REQUIRED UNDE R 28
269		-	SUBSECTION (B) OF THIS SECTION OR K NOWINGLY INCLUDES IN ACCURATE 29
270		-	INFORMATION IN A REPORT, THE COMMISSION MAY IMPOSE A CIVIL PENALTY, NOT 30
271		-	EXCEEDING $10,000, FOR EACH VIOLATION . 31
	270	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 31
	271	+	1, 2025. 32
272	272
273		-	(F) THE COMMISSION SHALL ADOP T REGULATIONS TO CAR RY OUT THIS 32 HOUSE BILL 920 7
274		-
275		-
276		-	SECTION. 1
277		-
278		-	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 2
279		-	1, 2025. 3
280		-
281		-
282		-
283		-
284		-	Approved:
285		-	________________________________________________________________________________
286		-	Governor.
287		-	________________________________________________________________________________
288		-	Speaker of the House of Delegates.
289		-	________________________________________________________________________________
290		-	President of the Senate.