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HB 3461

To change the election dates for intermediate court of appeals judges to the genreal elections

2025 Regular Session Introduced by Jim Butler and 2 co-sponsors

HB3461 repeals Illinois' Educational Loan Default Act, removing its default framework immediately with no replacement rules; affects agencies, borrowers, and lenders.

To House Judiciary
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Bill Summary · HB 3461

Summary of HB3461 — REPEAL-LOAN DEFAULT ACT

Proposed bill: HB3461 (104th General Assembly, Illinois)
Primary sponsor: Rep. La Shawn K. Ford
Introduced: February 18, 2025
Current status: Rule 19(a) / Re-referred to Rules Committee

Purpose and intent

HB3461 would repeal the Educational Loan Default Act, effectively removing the statutory framework that governs educational loan defaults under Illinois law. The bill states that Section 5 repeals the Educational Loan Default Act (codified as 5 ILCS 385/Act rep.), with the repeal taking effect immediately upon the law’s becoming effective.

Key provisions

  • Section 5: Repeal of the Educational Loan Default Act. This action eliminates the existing statutory provisions that comprise the Educational Loan Default Act.
  • Section 99: Effective date. The act takes effect upon becoming law (i.e., immediate effect once enacted).

What the bill would change

  • Removes the statutory authority and framework for the Educational Loan Default Act.
  • Eliminates the Illinois statutes that previously governed processes, penalties, collections, or other programmatic elements tied to “educational loan default” under the repealed Act.
  • There is no replacement framework introduced within HB3461; the bill solely performs the repeal and does not add new provisions to govern related activities.

Who or what would be affected

  • State agencies and departments that administered or enforced provisions under the Educational Loan Default Act would no longer operate under that act’s framework.
  • Borrowers, lenders, and loan programs that relied on or were affected by the Educational Loan Default Act could be impacted due to the removal of that statutory authority.
  • Other statutes dealing with student loans and related enforcement would remain in effect unless they specifically reference the repealed Act.

Procedural and timeline notes

  • Introduced: February 18, 2025.
  • Early actions: Referred to Rules Committee; subsequent committee assignments include assignments to Revenue & Finance, Tax Policy (Other Taxes Subcommittee), and Transportation in the legislative record.
  • Current status: Rule 19(a) action and re-referral to Rules Committee; “introduced” actions and committee movements are reflected in the bill’s legislative history.

Summary for readers

HB3461 is a straightforward repeal bill aimed at permanently removing the Educational Loan Default Act from Illinois law, effective immediately upon enactment. It does not introduce new policies or replace the repealed provisions with alternate rules. Sponsors and the bill’s current path indicate ongoing consideration within multiple committees.

Compiled from official sources — confirm details with the bill’s official record.

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