SB0086 - HIGHER ED-COSIGNER LOANS
Illinois - 103rd General Assembly
Introduced byLaura Fine, Adriane Johnson, Cristina H. Pacione-Zayas
Last updated about 2 months ago
10 Co-Sponsors
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.
STATUS
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