Senate BillIntroduced
S 7752: Relates to an exemption from the licensing requirements for servicers of student loans.
What S 7752 does, verified September 28, 2025
The bill aims to exempt student loan servicers from the licensing requirements under the Banking Law. It allows exempt organizations that serve student loans in the state to comply with specific federal and state regulations, such as those related to financial services and consumer protection. These exempt organizations must notify the state superintendent of their activities and adherence to relevant laws and regulations. The bill takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: SUBSTITUTED BY A8067A (2025-06-12)Alert me
Quick answers about S 7752
- What is the current status of S 7752?
- As of September 28, 2025, S 7752 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on June 12, 2025, was "SUBSTITUTED BY A8067A".
- Did S 7752 pass?
- Not yet. S 7752 has been introduced and has not passed either house.
- Who wrote S 7752, and where is it now?
- S 7752 was authored by Sen. James Sanders.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions6 total · showing 5
| Jun. 12, 2025 | SUBSTITUTED BY A8067A |
| Jun. 04, 2025 | AMENDED ON THIRD READING (T) 7752A |
| May. 22, 2025 | ADVANCED TO THIRD READING |
| May. 21, 2025 | 2ND REPORT CAL. |
| May. 20, 2025 | 1ST REPORT CAL.1173 |
Latest bill textIntroduced version, May 5, 2025 · 261 words
STATE OF NEW YORK ________________________________________________________________________ 7752 2025-2026 Regular Sessions IN SENATE May 5, 2025 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the financial services law, in relation to requiring private nonprofit postsecondary providers of higher education which service student loans to submit an annual report relating to student loan services provided The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The opening paragraph of subdivision 1 of section 902 of 2 the financial services law, as amended by chapter 15 of the laws of 3 2025, is amended to read as follows: 4 Each student loan servicer and private nonprofit postsecondary provid- 5 er of higher education servicing student loans, as "servicing" is 6 defined in subdivision seven of section seven hundred ten of the banking 7 law, shall, by the first of April of each year, submit an annual report 8 which complies with any instructions published by the superintendent, in 9 the manner set forth in such instructions, certifying as accurate the 10 following information for the private education debt such student loan 11 servicer or private nonprofit postsecondary provider of higher education 12 servicing student loans serviced during the prior calendar year: 13 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11792-01-5
Text of S 7752 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions