Illinois § 7-45 Discharge of obligations

Illinois Statutes

§ 7-45 — Discharge of obligations

Illinois § 7-45

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 § 7-45 (Discharge of obligations) 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. 7-45 (2026).

Text

(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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(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.