New Jersey legislation · 2026-2027 Regular Session
New Jersey A5117: Postsecondary education debt creditors-require registration
Status: Introduced, October 22, 2026
Requires registration of postsecondary education debt creditors; establishes protections for borrowers.
What the bill says
An Act concerning postsecondary education debt creditors and supplementing P.L.2019, c.200 (C.17:16ZZ-1 et seq.).
From the amended text, September 17, 2026:
An Act concerning postsecondary education debt creditors and supplementing P.L.2019, c.200 (C.17:16ZZ-1 et seq.). Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. As used in this act: Commissioner means the Commissioner of Banking and Insurance. Cosigner means: (1) any individual who is liable for the obligation of another without compensation, regardless of how the individual is designated in the contract or instrument with respect to that obligation, including a postsecondary education debt extended to consolidate a borrowers pre-existing postsecondary education debt; and (2) shall include any person whose signature is requested as a condition to grant credit or to forbear on collection. As used in this act, cosigner shall not include a spouse of an individual described in paragraph (1), the signature of whom is needed to perfect the security interest in a loan. Debt collector means a person who regularly collects or attempts to collect, directly or indirectly, consumer debts originally owed or due or asserted to be owed or due another. The term shall not include an officer or employee of a postsecondary education debt creditor who, in the name of the postsecondary education debt creditor, collects debts for that postsecondary education debt creditor, but it shall include a postsecondary education debt creditor who, in the process of collecting its …
Sponsors
- Carmen Theresa Morales (D, 34) · primary sponsor
- Cody D. Miller (D, 4) · primary sponsor
- Chigozie U. Onyema (D, 28) · primary sponsor
- Linda S. Carter (D, 22)
- Ellen J. Park (D, 37)
Latest actions
- : REP 2RA
- : REP/ACA REF AAP
- : INT 1RA REF AHI
Votes
- Assembly Appropriations Committee: Reported favorably (October 22, 2026): 9 yea, 0 nay, passed
- Assembly Higher Education Committee: Reported with committee amendments (Aca) (September 17, 2026): 6 yea, 0 nay, passed
Subjects: HIGHER EDUCATION
Common questions
- What is A5117?
- A5117 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Postsecondary education debt creditors-require registration.
- What does A5117 do?
- In its own words: An Act concerning postsecondary education debt creditors and supplementing P.L.2019, c.200 (C.17:16ZZ-1 et seq.).
- What is the status of A5117?
- Introduced as of October 22, 2026. Latest action: REP 2RA (October 22, 2026).
- Who sponsored A5117?
- Carmen Theresa Morales (D, 34), with 4 co-sponsors.
- Where is the official record for A5117?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5117
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.