§ 110 ILCS 992/5-5 General provisions
§ 110 ILCS 992/5-10 Payment processing
§ 110 ILCS 992/5-15 Fees
§ 110 ILCS 992/5-20 Billing statements
§ 110 ILCS 992/5-25 Payment histories
§ 110 ILCS 992/5-30 Specialized assistance for student loan borrowers
§ 110 ILCS 992/5-35 Disclosures related to discharge and cancellation
§ 110 ILCS 992/5-40 Income-driven repayment plan certifications
§ 110 ILCS 992/5-45 Information to be provided to private education loan borrowers
§ 110 ILCS 992/5-50 Cosigner release
§ 110 ILCS 992/5-55 Payoff statements
§ 110 ILCS 992/5-60 Requirements related to the transfer of servicing
§ 110 ILCS 992/5-65 Requests for assistance; account dispute resolution; appeals

Terms Used In Illinois Compiled Statutes > 110 ILCS 992 > Article 5 - Student Loan Bill of Rights

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Forbearance: A means of handling a delinquent loan. A
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14