(Providence, RI) -- New legislation is being introduced in Rhode Island to protect student loan borrowers. The bill, from Senator Dawn Euer and Representative Joseph McNamara, is being supported by Treasurer Seth Magaziner and Attorney General Peter Neronha, among others. The legislation requires loan servicers to register with the state and allows regulators to examine servicers' business practices. It also allows the A.G.'s office and Department of Business Regulation to penalize servicers who violate borrower rights and seek restitution on the behalf of borrowers.