IL HB2746 | 2021-2022 | 102nd General Assembly
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 46-8)
Status: Passed on August 26 2021 - 100% progression
Action: 2021-08-26 - Public Act . . . . . . . . . 102-0583
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Moderate Partisan Bill (Democrat 46-8)
Status: Passed on August 26 2021 - 100% progression
Action: 2021-08-26 - Public Act . . . . . . . . . 102-0583
Text: Latest bill text (Chaptered) [HTML]
Summary
Creates the Know Before You Owe Private Education Loan Act. Requires private educational lenders to obtain from the relevant institution of higher education at which the borrower will use the loan proceeds certifications regarding cost, enrollment status of the borrower, and financial assistance available to the borrower. Provides that private educational lenders must file reports with the Department of Financial and Professional Regulation and the Student Loan Ombudsman. Provides that loan statements must be provided not less frequently than quarterly. Requires institutions of higher education to certify compliance with provisions of the Act to the Board of Higher Education or Illinois Community College Board as a condition to operate. Defines terms. Effective immediately.
Title
KNOW BEFORE YOU OWE ED LOANS
Sponsors
Roll Calls
2021-05-31 - House - Concurrence in House (Y: 117 N: 0 NV: 1 Abs: 0) [PASS]
2021-05-28 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2021-04-22 - House - Third Reading in House (Y: 113 N: 0 NV: 2 Abs: 1) [PASS]
2021-05-28 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2021-04-22 - House - Third Reading in House (Y: 113 N: 0 NV: 2 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-08-26 | House | Public Act . . . . . . . . . 102-0583 |
| 2021-08-26 | House | Effective Date August 26, 2021 |
| 2021-08-26 | House | Governor Approved |
| 2021-06-29 | House | Sent to the Governor |
| 2021-05-31 | House | Added Co-Sponsor Rep. Dagmara Avelar |
| 2021-05-31 | House | Added Co-Sponsor Rep. Lamont J. Robinson, Jr. |
| 2021-05-31 | House | Passed Both Houses |
| 2021-05-31 | House | House Concurs |
| 2021-05-31 | House | Senate Committee Amendment No. 1 House Concurs 117-000-001 |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Dan McConchie |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Jason A. Barickman |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Dave Syverson |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Sally J. Turner |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Craig Wilcox |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. John F. Curran |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Donald P. DeWitte |
| 2021-05-30 | Senate | Added as Alternate Co-Sponsor Sen. Sue Rezin |
| 2021-05-30 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Higher Education Committee; 010-000-000 |
| 2021-05-29 | House | Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Higher Education Committee |
| 2021-05-28 | Senate | Added as Alternate Co-Sponsor Sen. Laura M. Murphy |
| 2021-05-28 | House | Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee |
| 2021-05-28 | House | Senate Committee Amendment No. 1 Motion Filed Concur Rep. Katie Stuart |
| 2021-05-28 | House | Placed on Calendar Order of Concurrence Senate Amendment(s) 1 |
| 2021-05-28 | House | Arrived in House |
| 2021-05-28 | Senate | Third Reading - Passed; 058-000-000 |
| 2021-05-28 | Senate | Added as Alternate Co-Sponsor Sen. Laura Fine |
| 2021-05-26 | Senate | Added as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt |
| 2021-05-21 | Senate | Placed on Calendar Order of 3rd Reading May 24, 2021 |
| 2021-05-21 | Senate | Second Reading |
| 2021-05-19 | Senate | Placed on Calendar Order of 2nd Reading May 20, 2021 |
| 2021-05-19 | Senate | Do Pass as Amended Higher Education; 011-000-000 |
| 2021-05-18 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2021-05-14 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Higher Education |
| 2021-05-13 | Senate | Added as Alternate Co-Sponsor Sen. Meg Loughran Cappel |
| 2021-05-13 | Senate | Added as Alternate Co-Sponsor Sen. Doris Turner |
| 2021-05-13 | Senate | Added as Alternate Co-Sponsor Sen. Adriane Johnson |
| 2021-05-13 | Senate | Added as Alternate Co-Sponsor Sen. Mattie Hunter |
| 2021-05-13 | Senate | Added as Alternate Co-Sponsor Sen. Julie A. Morrison |
| 2021-05-11 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2021-05-11 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Scott M. Bennett |
| 2021-05-11 | Senate | Assigned to Higher Education |
| 2021-05-05 | Senate | Added as Alternate Co-Sponsor Sen. Celina Villanueva |
| 2021-04-28 | Senate | Added as Alternate Co-Sponsor Sen. Linda Holmes |
| 2021-04-28 | Senate | Added as Alternate Co-Sponsor Sen. Sara Feigenholtz |
| 2021-04-28 | Senate | Added as Alternate Co-Sponsor Sen. John Connor |
| 2021-04-27 | Senate | Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford |
| 2021-04-27 | Senate | Added as Alternate Co-Sponsor Sen. Robert Peters |
| 2021-04-27 | Senate | Added as Alternate Co-Sponsor Sen. David Koehler |
| 2021-04-27 | Senate | Added as Alternate Co-Sponsor Sen. Steve Stadelman |
| 2021-04-27 | Senate | Added as Alternate Chief Co-Sponsor Sen. Cristina Castro |
| 2021-04-27 | Senate | Added as Alternate Co-Sponsor Sen. Ram Villivalam |
| 2021-04-23 | Senate | Referred to Assignments |
| 2021-04-23 | Senate | First Reading |
| 2021-04-23 | Senate | Chief Senate Sponsor Sen. Scott M. Bennett |
| 2021-04-23 | Senate | Placed on Calendar Order of First Reading |
| 2021-04-23 | Senate | Arrive in Senate |
| 2021-04-22 | House | Added Co-Sponsor Rep. Camille Y. Lilly |
| 2021-04-22 | House | Added Co-Sponsor Rep. Sam Yingling |
| 2021-04-22 | House | Added Co-Sponsor Rep. Anna Moeller |
| 2021-04-22 | House | Added Co-Sponsor Rep. Angelica Guerrero-Cuellar |
| 2021-04-22 | House | Third Reading - Short Debate - Passed 113-000-001 |
| 2021-04-22 | House | Added Co-Sponsor Rep. Theresa Mah |
| 2021-04-22 | House | Added Co-Sponsor Rep. Daniel Didech |
| 2021-04-21 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2021-04-21 | House | House Floor Amendment No. 2 Adopted |
| 2021-04-21 | House | Second Reading - Short Debate |
| 2021-04-21 | House | Added Chief Co-Sponsor Rep. Aaron M. Ortiz |
| 2021-04-21 | House | Added Chief Co-Sponsor Rep. LaToya Greenwood |
| 2021-04-21 | House | Added Chief Co-Sponsor Rep. Frances Ann Hurley |
| 2021-04-21 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 2021-04-21 | House | Added Co-Sponsor Rep. Kelly M. Cassidy |
| 2021-04-20 | House | Added Co-Sponsor Rep. Joyce Mason |
| 2021-04-20 | House | Added Co-Sponsor Rep. Anne Stava-Murray |
| 2021-04-20 | House | Added Co-Sponsor Rep. Bob Morgan |
| 2021-04-20 | House | Added Co-Sponsor Rep. Barbara Hernandez |
| 2021-04-20 | House | Added Co-Sponsor Rep. Jonathan Carroll |
| 2021-04-20 | House | Added Co-Sponsor Rep. Will Guzzardi |
| 2021-04-14 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2021-04-14 | House | Removed from Consent Calendar Status Rep. Greg Harris |
| 2021-04-14 | House | House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 |
| 2021-04-13 | House | House Floor Amendment No. 2 Referred to Rules Committee |
| 2021-04-13 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Katie Stuart |
| 2021-04-08 | House | Placed on Calendar 2nd Reading - Consent Calendar |
| 2021-03-23 | House | Added Co-Sponsor Rep. Elizabeth Hernandez |
| 2021-03-23 | House | House Committee Amendment No. 1 Tabled Pursuant to Rule 40 |
| 2021-03-18 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2021-03-18 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Katie Stuart |
| 2021-03-18 | House | Do Pass / Consent Calendar Higher Education Committee; 010-000-000 |
| 2021-03-09 | House | Assigned to Higher Education Committee |
| 2021-02-26 | House | Added Chief Co-Sponsor Rep. Maurice A. West, II |
| 2021-02-24 | House | Removed Co-Sponsor Rep. Maurice A. West, II |
| 2021-02-24 | House | Added Co-Sponsor Rep. Maurice A. West, II |
| 2021-02-24 | House | Added Co-Sponsor Rep. Edgar Gonzalez, Jr. |
| 2021-02-24 | House | Added Co-Sponsor Rep. Sue Scherer |
| 2021-02-24 | House | Added Co-Sponsor Rep. Carol Ammons |
| 2021-02-24 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 2021-02-19 | House | Referred to Rules Committee |
| 2021-02-19 | House | First Reading |
| 2021-02-19 | House | Added Co-Sponsor Rep. Kambium Buckner |
| 2021-02-18 | House | Filed with the Clerk by Rep. Katie Stuart |
