Illinois Statutes
§ 7-40 — Restriction on security interest
Illinois § 7-40
JurisdictionIllinois
TopicEDUCATION
Ch. 110HIGHER EDUCATION
Act 110 ILCS 992/Student Loan Servicing Rights Act.
Art.Article 7 - Educational Income Share Agreements
This text of Illinois § 7-40 (Restriction on security interest) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
110 Ill. Comp. Stat. 7-40 (2026).
Text
Under no circumstances shall an EISA provider take a security interest in any collateral in connection with an EISA.
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Legislative History
(Source: P.A. 104-383, eff. 8-15-25.)
Nearby Sections
15
§ 7
Rules§ 7-1
§ 7-1§ 7-1.1
Additional powers§ 7-10
§ 7-10§ 7-105
Application of other Acts§ 7-11
§ 7-11§ 7-110
Rulemaking§ 7-12
§ 7-12§ 7-13
§ 7-13§ 7-14
§ 7-14§ 7-15
§ 7-15§ 7-15a
§ 7-15a§ 7-16
§ 7-16Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 7-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/110/7-40.