‘Resolve, Directing the Finance Authority of Maine To Convene a Stakeholder Group To Develop Solutions To Reduce the Negative Effect of Student Loan Debt on Home Ownership’

‘Sec. 1. Finance Authority of Maine to convene stakeholder group. Resolved: That the Finance Authority of Maine, referred to in this resolve as "the authority," shall convene a stakeholder group to study the issues surrounding outstanding student loan debt and its negative effect on the ability of residents of the State to own homes and to develop solutions to reduce outstanding student loan debt to facilitate home ownership. The authority shall invite the participation of Legislators; the Department of Professional and Financial Regulation, Bureau of Financial Institutions and Bureau of Consumer Credit Protection; the Maine State Housing Authority; and representatives of financial institutions, credit unions, mortgage lenders, real estate agents and brokers, students and other interested parties; and be it further

Sec. 2. Report. Resolved: That, no later than January 1, 2016, the authority shall report the findings and recommendations of the study under section 1 along with any suggested legislation to the Joint Standing Committee on Insurance and Financial Services. The Joint Standing Committee on Insurance and Financial Services may submit a bill related to the subject matter of the report to the Second Regular Session of the 127th Legislature.’