Illinois Statutes
§ 7-41 — Refinancing
Illinois § 7-41
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 § 7-41 (Refinancing) 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. 7-41 (2026).
Text
Before offering a person an EISA that is being used to refinance an existing loan, an EISA provider shall provide the person with a disclosure explaining that the benefits and protections applicable to the existing loan may be lost due to the refinancing. The disclosure must be provided on a one-page information sheet in at least 12-point type and must be written in simple, clear, understandable, and easily readable language.
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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 § 7-41, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/110/7-41.