Bill > HB4687

This bill, titled the REPEAL-LOAN DEFAULT ACT, proposes to eliminate the existing Educational Loan Default Act, which likely outlined procedures and consequences for failing to repay educational loans. By repealing this act, the bill effectively removes any laws currently in place that govern what happens when someone defaults on their student loans, and it will become effective immediately upon being signed into law.

https://www.ilga.gov/Legislation/BillStatus?DocNum=4687&GAID=18&DocTypeID=HB&SessionID=114&GA=104