Enrolled Bill Summary

Senate Bill 887	Senate Author:  Seliger et al.
Effective:  5-27-17	House Sponsor:  Clardy et al.

Senate Bill 887 amends the Education Code to require a participating higher educational institution under the student loan program administered by the Texas Higher Education Coordinating Board that receives education loan information for a student enrolled at the institution to provide to that student, at least annually, certain estimates regarding the student's education loan obligations in an electronic form. The bill limits the required disclosure to education loan debt information that the institution receives or otherwise obtains from the U.S. Department of Education's central database for student aid and information that the institution may reasonably collect from its own records and sets out content requirements for the disclosure. The bill exempts a participating higher educational institution from liability for any representation made under the bill's provisions.