Don Harmon
- Democratic
- Senator
- District 39
Primary
Creates the Know Before You Owe Private Education Loan Act. Requires private educational lenders to obtain from the relevant institution of higher education at which the borrower will use the loan proceeds certifications regarding cost, enrollment status of the borrower, and financial assistance available to the borrower. Provides that private educational lenders must file reports with the Department of Financial and Professional Regulation and the Student Loan Ombudsman. Provides that loan statements must be provided not less frequently than quarterly. Requires institutions of higher education to certify compliance with provisions of the Act to the Board of Higher Education or Illinois Community College Board as a condition to operate. Defines terms. Effective immediately. Senate Committee Amendment No. 1 Revises a cross-reference to certain certifications required under the Act to be made by an institution of higher education.
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Session Sine Die
Chief Sponsor Changed to Sen. Don Harmon
Rule 3-9(a) / Re-referred to Assignments
Added as Co-Sponsor Sen. Linda Holmes
Added as Co-Sponsor Sen. Ram Villivalam
Rule 2-10 Third Reading Deadline Established As April 30, 2021
Added as Co-Sponsor Sen. Sara Feigenholtz
Added as Co-Sponsor Sen. Laura Fine
Added as Co-Sponsor Sen. Cristina Castro
Added as Co-Sponsor Sen. Robert Peters
Added as Co-Sponsor Sen. Suzy Glowiak Hilton
Added as Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. John Connor
Added as Co-Sponsor Sen. Rachelle Crowe
Added as Co-Sponsor Sen. Steve Stadelman
Second Reading
Added as Co-Sponsor Sen. Celina Villanueva
Placed on Calendar Order of 3rd Reading April 21, 2021
Added as Co-Sponsor Sen. Laura M. Murphy
Added as Co-Sponsor Sen. Karina Villa
Placed on Calendar Order of 2nd Reading April 15, 2021
Do Pass as Amended Higher Education; 012-000-000
Added as Co-Sponsor Sen. Omar Aquino
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Higher Education
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Scott M. Bennett
Senate Committee Amendment No. 1 Referred to Assignments
Assigned to Higher Education
Added as Co-Sponsor Sen. Kimberly A. Lightford
Added as Co-Sponsor Sen. John F. Curran
First Reading
Referred to Assignments
Filed with Secretary by Sen. Scott M. Bennett
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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