IL HB5320 | 2019-2020 | 101st General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 20-7)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Debt Settlement Consumer Protection Act. Adds student loan borrowers to the definition of "consumer". Adds to the definition of "debt settlement provider" any person or entity engaging in, or holding itself out as engaging in, or any person who solicits for or acts on behalf of such person or entity engaging in or holding itself out as engaging in, the business of student loan debt relief services in exchange for any fee or compensation assessed against or charged to a consumer. Excludes institutions of higher education from the definition of "debt settlement provider". Defines other terms. Requires a specified notice and disclosure to student loan borrowers to be included in advertising and marketing communications concerning student loan debt relief services. Requires providers of student loan debt relief services to provide a specified notice and disclosure before a student loan borrower signs a contract. Provides that any fees charged to a student loan borrower in exchange for student loan debt relief shall comply with a provision concerning fees. Makes other changes. Effective immediately.

Tracking Information

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Title

STUDENT LOAN DEBT RELIEF

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-06-02HouseAdded Co-Sponsor Rep. Mary Edly-Allen
2020-03-12HouseAssigned to Higher Education Committee
2020-03-09HouseAdded Co-Sponsor Rep. Jay Hoffman
2020-03-05HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
2020-03-05HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
2020-03-05HouseAdded Co-Sponsor Rep. Kambium Buckner
2020-03-04HouseAdded Co-Sponsor Rep. Michael T. Marron
2020-03-04HouseAdded Co-Sponsor Rep. Dave Severin
2020-03-04HouseAdded Co-Sponsor Rep. La Shawn K. Ford
2020-03-04HouseAdded Co-Sponsor Rep. Martin J. Moylan
2020-03-04HouseAdded Co-Sponsor Rep. John Connor
2020-03-04HouseAdded Co-Sponsor Rep. Jeff Keicher
2020-03-04HouseAdded Co-Sponsor Rep. Keith R. Wheeler
2020-03-04HouseAdded Co-Sponsor Rep. Kelly M. Burke
2020-03-04HouseAdded Co-Sponsor Rep. Dan Brady
2020-03-03HouseAdded Co-Sponsor Rep. Terri Bryant
2020-03-03HouseAdded Co-Sponsor Rep. Monica Bristow
2020-03-03HouseAdded Chief Co-Sponsor Rep. Katie Stuart
2020-03-03HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
2020-03-03HouseAdded Co-Sponsor Rep. Diane Pappas
2020-03-03HouseAdded Co-Sponsor Rep. Maurice A. West, II
2020-02-27HouseAdded Chief Co-Sponsor Rep. Carol Ammons
2020-02-27HouseAdded Chief Co-Sponsor Rep. Norine K. Hammond
2020-02-27HouseAdded Co-Sponsor Rep. Frances Ann Hurley
2020-02-27HouseAdded Co-Sponsor Rep. Nicholas K. Smith
2020-02-27HouseAdded Co-Sponsor Rep. Terra Costa Howard
2020-02-26HouseAdded Co-Sponsor Rep. Michael Halpin
2020-02-18HouseReferred to Rules Committee
2020-02-18HouseFirst Reading
2020-02-14HouseFiled with the Clerk by Rep. Michael J. Zalewski

Code Citations

ChapterArticleSectionCitation TypeStatute Text
22542910Amended CodeCitation Text
225429105Amended CodeCitation Text
225429115Amended CodeCitation Text
225429125Amended CodeCitation Text

Illinois State Sources


Bill Comments

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