GroundRules
← Search the law
Illinois · Through at least Public Act 104-790

110 ILCS 992/7-90: Receipts; statements of account; evidence of payment.

Read at publisher ↗
Where this section sits in the code
  1. CHAPTER 110 HIGHER EDUCATION
  2. Student Loan Servicing Rights Act.

(a) The EISA provider shall deliver or mail to the consumer, without request, a written receipt for each payment made pursuant to an EISA. A periodic statement showing a payment received by mail complies with this subsection (a).

(b) An EISA provider shall provide a written payment history to a borrower upon request at no cost within 21 calendar days of receiving the request.

(c) An EISA provider shall indicate on its website that a borrower may request a payoff statement. An EISA provider shall provide the payoff statement within 10 days, including information the requester needs to pay off the loan. If a payoff is made, the EISA provider must send a paid-in-full notice within 30 days.

Collected 2026-09-15T04:46:28Z. Source file · JSON

Browse this collection