(110 ILCS 992/Art. 10 heading) ARTICLE 10. STUDENT LOAN OMBUDSMAN (Source: P.A. 100-540, eff. 12-31-18.) (110 ILCS 992/10-5) Sec. 10-5. Student Loan Ombudsman. (a) The position of Student Loan Ombudsman is created within the Office of the Attorney General to provide timely assistance to student loan borrowers. (b) The Student Loan Ombudsman, in consultation […]
(110 ILCS 992/Art. 20 heading) ARTICLE 20. SUPERVISION (Source: P.A. 100-540, eff. 12-31-18.) (110 ILCS 992/20-5) Sec. 20-5. Functions; powers; duties. The functions, powers, and duties of the Secretary shall include the following: (1) to issue or refuse to issue any license as provided by this Act; (2) to revoke or suspend for cause […]
(110 ILCS 992/Art. 25 heading) ARTICLE 25. CONSUMER FRAUD AND DECEPTIVE BUSINESSPRACTICES ACT (Source: P.A. 100-540, eff. 12-31-18.) (110 ILCS 992/25-5) Sec. 25-5. Enforcement; Consumer Fraud and Deceptive Business Practices Act. The Attorney General may enforce a violation of Article 5 of this Act as an unlawful practice under the Consumer Fraud and Deceptive […]
(110 ILCS 992/Art. 5 heading) ARTICLE 5. STUDENT LOAN BILL OF RIGHTS (Source: P.A. 100-540, eff. 12-31-18.) (110 ILCS 992/5-5) Sec. 5-5. General provisions. (a) A servicer shall not engage in any unfair or deceptive practice toward any borrower or cosigner or misrepresent or omit any material information in connection with the servicing of […]
