Illinois § 7-105 Application of other Acts

Illinois Statutes

§ 7-105 — Application of other Acts

Illinois § 7-105

JurisdictionIllinois

TopicEDUCATION

Ch. 110HIGHER EDUCATION

Act 110 ILCS 992/Student Loan Servicing Rights Act.

Art.Article 7 - Educational Income Share Agreements

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Bluebook

110 Ill. Comp. Stat. 7-105 (2026).

Text

EISAs and EISA providers are subject to other Articles of this Act, the Know Before You Owe Private Education Loan Act, and the Predatory Loan Prevention Act and shall comply with their requirements and any rules adopted by the Department of Financial and Professional Regulation pursuant to those Acts. Nothing in this Section is intended to imply that:

(i)an EISA is not a credit transaction or (ii) an EISA does not create a debt upon the accrual of an obligation under the EISA.

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EISAs and EISA providers are subject to other Articles of this Act, the Know Before You Owe Private Education Loan Act, and the Predatory Loan Prevention Act and shall comply with their requirements and any rules adopted by the Department of Financial and Professional Regulation pursuant to those Acts. Nothing in this Section is intended to imply that: (i) an EISA is not a credit transaction or (ii) an EISA does not create a debt upon the accrual of an obligation under the EISA.