Bill Status of HB 5320   101st General Assembly

Short Description:  STUDENT LOAN DEBT RELIEF

House Sponsors
Rep. Michael J. Zalewski-Norine K. Hammond-Carol Ammons-Katie Stuart, Michael Halpin, Terra Costa Howard, Nicholas K. Smith, Frances Ann Hurley, Maurice A. West, II, Diane Pappas, Emanuel Chris Welch, Monica Bristow, Terri Bryant, Dan Brady, Kelly M. Burke, Keith R. Wheeler, Jeff Keicher, John Connor, Martin J. Moylan, La Shawn K. Ford, Dave Severin, Michael T. Marron, Kambium Buckner, Edgar Gonzalez, Jr., Elizabeth Hernandez, Jay Hoffman and Mary Edly-Allen

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 429/10
225 ILCS 429/105
225 ILCS 429/115
225 ILCS 429/125

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/26/2020HouseAdded Co-Sponsor Rep. Michael Halpin
  2/27/2020HouseAdded Co-Sponsor Rep. Terra Costa Howard
  2/27/2020HouseAdded Co-Sponsor Rep. Nicholas K. Smith
  2/27/2020HouseAdded Co-Sponsor Rep. Frances Ann Hurley
  2/27/2020HouseAdded Chief Co-Sponsor Rep. Norine K. Hammond
  2/27/2020HouseAdded Chief Co-Sponsor Rep. Carol Ammons
  3/3/2020HouseAdded Co-Sponsor Rep. Maurice A. West, II
  3/3/2020HouseAdded Co-Sponsor Rep. Diane Pappas
  3/3/2020HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  3/3/2020HouseAdded Chief Co-Sponsor Rep. Katie Stuart
  3/3/2020HouseAdded Co-Sponsor Rep. Monica Bristow
  3/3/2020HouseAdded Co-Sponsor Rep. Terri Bryant
  3/4/2020HouseAdded Co-Sponsor Rep. Dan Brady
  3/4/2020HouseAdded Co-Sponsor Rep. Kelly M. Burke
  3/4/2020HouseAdded Co-Sponsor Rep. Keith R. Wheeler
  3/4/2020HouseAdded Co-Sponsor Rep. Jeff Keicher
  3/4/2020HouseAdded Co-Sponsor Rep. John Connor
  3/4/2020HouseAdded Co-Sponsor Rep. Martin J. Moylan
  3/4/2020HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  3/4/2020HouseAdded Co-Sponsor Rep. Dave Severin
  3/4/2020HouseAdded Co-Sponsor Rep. Michael T. Marron
  3/5/2020HouseAdded Co-Sponsor Rep. Kambium Buckner
  3/5/2020HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
  3/5/2020HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/9/2020HouseAdded Co-Sponsor Rep. Jay Hoffman
  3/12/2020HouseAssigned to Higher Education Committee
  6/2/2020HouseAdded Co-Sponsor Rep. Mary Edly-Allen
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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