Bill Title: Reinserts the provisions of the introduced bill with the following changes. Moves specified provisions regarding cosigner release, cosigner rights, what happens in the event of the bankruptcy or death of a cosigner, the total and permanent disability of a borrower or cosigner, and modified or flexible repayment plans from the Know Before You Owe Private Education Loan Act to the Student Loan Servicing Rights Act, and makes conforming changes. Further amends the Student Loan Servicing Rights Act to change the definition of "cosigner". Effective immediately.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Passed) 2024-08-02 - Public Act . . . . . . . . . 103-0748
[SB0086 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2024-08-02 | HTML/Text | Link | View |
| Enrolled | 2024-05-09 | HTML/Text | Link | View |
| Engrossed | 2023-03-24 | HTML/Text | Link | View |
| Introduced | 2023-01-20 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB0086 currently on file. |
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