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HR 2561 113th Congress House

FAIR Student Credit Act of 2013

Official title: To provide for the removal of default information from a borrower's credit report with respect to certain rehabilitated education loans.

Introduced: June 27, 2013 Introduced by: Peters, Gary C. Democratic · Michigan See on congress.gov
Finance and Financial Sector Congressional oversightConsumer creditGovernment studies and investigationsHigher educationStudent aid and college costs
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 2013
Referred to the House Committee on Financial Services.
Jun 27, 2013
Introduced in House
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 Latest action June 27, 2013

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Federal Adjustment in Reporting Student Credit Act of 2013 or the FAIR Student Credit Act of 2013 - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to provide for the removal of a previously reported default regarding a qualified education loan from a consumer report if the consumer of the loan meets the requirements of a loan rehabilitation program, where the number of consecutive on-time monthly payments are equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965.

Permits a consumer to obtain such rehabilitation benefits only once per loan.

Requires the Comptroller General (GAO) to report on any hurdles borrowers experience with the private loan rehabilitation program.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 3 Republican 3
UPTON, FRED
· Sep 25, 2013
 R
Walberg, Tim
Michigan · Aug 2, 2013
CAPUANO, MICHAEL
· Jul 23, 2013
Delaney, John
· Jul 23, 2013
 D
Meeks, Gregory W.
New York · Jul 23, 2013
Duffy, Sean
· Jun 28, 2013
BACHUS, SPENCER
· Jun 27, 2013
 D
Beatty, Joyce
Ohio · Jun 27, 2013
 R
Capito, Shelley Moore
West Virginia · Jun 27, 2013
PETRI, TOM
· Jun 27, 2013
Polis, Jared
· Jun 27, 2013
 R
Stutzman, Marlin A.
Indiana · Jun 27, 2013
 D
Velázquez, Nydia M.
New York · Jun 27, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2561: FAIR Student Credit Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-2561/
MLA
"H.R. 2561: FAIR Student Credit Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-2561/.
Bluebook (legal)
H.R. 2561, 113th Cong. (2026), https://openamerica.io/bill/113-HR-2561/.
Markdown link
[H.R. 2561: FAIR Student Credit Act of 2013](https://openamerica.io/bill/113-HR-2561/)
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