GroundRules
110 ILCS 992/5-55: Payoff statements.
Where this section sits in the code
- CHAPTER 110 HIGHER EDUCATION
- Student Loan Servicing Rights Act.
A servicer shall indicate on its website that a borrower may request a payoff statement. A servicer shall provide the payoff statement within 10 days, including information the requester needs to pay off the loan. If a payoff is made, the servicer must send a paid-in-full notice within 30 days.
Collected 2026-09-15T04:46:28Z. Source file · JSON