Illinois Statutes
§ 7-45 — Discharge of obligations
Illinois·Topic EDUCATION·Ch. 110 HIGHER EDUCATION·Act 110 ILCS 992/ Student Loan Servicing Rights Act.·Art. Article 7 - Educational Income Share Agreements
(a)All obligations under an EISA shall terminate if the consumer is deemed totally and permanently disabled by the applicable governmental agency.
(b)All obligations under an EISA shall terminate upon the death of the consumer.
(c)The requirements for total and permanent disability of a borrower or cosigner in subsections (b) through (e) of Section 5-85 that apply to borrowers apply to this Section.
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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
§ 7-16