IL HB2746 | 2021-2022 | 102nd General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 46-8)
Status: Passed on August 26 2021 - 100% progression
Action: 2021-08-26 - Public Act . . . . . . . . . 102-0583
Text: Latest bill text (Chaptered) [HTML]

Summary

Creates the Know Before You Owe Private Education Loan Act. Requires private educational lenders to obtain from the relevant institution of higher education at which the borrower will use the loan proceeds certifications regarding cost, enrollment status of the borrower, and financial assistance available to the borrower. Provides that private educational lenders must file reports with the Department of Financial and Professional Regulation and the Student Loan Ombudsman. Provides that loan statements must be provided not less frequently than quarterly. Requires institutions of higher education to certify compliance with provisions of the Act to the Board of Higher Education or Illinois Community College Board as a condition to operate. Defines terms. Effective immediately.

Tracking Information

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Title

KNOW BEFORE YOU OWE ED LOANS

Sponsors


Roll Calls

2021-05-31 - House - Concurrence in House (Y: 117 N: 0 NV: 1 Abs: 0) [PASS]
2021-05-28 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2021-04-22 - House - Third Reading in House (Y: 113 N: 0 NV: 2 Abs: 1) [PASS]

History

DateChamberAction
2021-08-26HousePublic Act . . . . . . . . . 102-0583
2021-08-26HouseEffective Date August 26, 2021
2021-08-26HouseGovernor Approved
2021-06-29HouseSent to the Governor
2021-05-31HouseAdded Co-Sponsor Rep. Dagmara Avelar
2021-05-31HouseAdded Co-Sponsor Rep. Lamont J. Robinson, Jr.
2021-05-31HousePassed Both Houses
2021-05-31HouseHouse Concurs
2021-05-31HouseSenate Committee Amendment No. 1 House Concurs 117-000-001
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Dan McConchie
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Jason A. Barickman
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Dave Syverson
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Sally J. Turner
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Craig Wilcox
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. John F. Curran
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Donald P. DeWitte
2021-05-30SenateAdded as Alternate Co-Sponsor Sen. Sue Rezin
2021-05-30HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Higher Education Committee; 010-000-000
2021-05-29HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Higher Education Committee
2021-05-28SenateAdded as Alternate Co-Sponsor Sen. Laura M. Murphy
2021-05-28HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
2021-05-28HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Katie Stuart
2021-05-28HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
2021-05-28HouseArrived in House
2021-05-28SenateThird Reading - Passed; 058-000-000
2021-05-28SenateAdded as Alternate Co-Sponsor Sen. Laura Fine
2021-05-26SenateAdded as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt
2021-05-21SenatePlaced on Calendar Order of 3rd Reading May 24, 2021
2021-05-21SenateSecond Reading
2021-05-19SenatePlaced on Calendar Order of 2nd Reading May 20, 2021
2021-05-19SenateDo Pass as Amended Higher Education; 011-000-000
2021-05-18SenateSenate Committee Amendment No. 1 Adopted
2021-05-14SenateSenate Committee Amendment No. 1 Assignments Refers to Higher Education
2021-05-13SenateAdded as Alternate Co-Sponsor Sen. Meg Loughran Cappel
2021-05-13SenateAdded as Alternate Co-Sponsor Sen. Doris Turner
2021-05-13SenateAdded as Alternate Co-Sponsor Sen. Adriane Johnson
2021-05-13SenateAdded as Alternate Co-Sponsor Sen. Mattie Hunter
2021-05-13SenateAdded as Alternate Co-Sponsor Sen. Julie A. Morrison
2021-05-11SenateSenate Committee Amendment No. 1 Referred to Assignments
2021-05-11SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Scott M. Bennett
2021-05-11SenateAssigned to Higher Education
2021-05-05SenateAdded as Alternate Co-Sponsor Sen. Celina Villanueva
2021-04-28SenateAdded as Alternate Co-Sponsor Sen. Linda Holmes
2021-04-28SenateAdded as Alternate Co-Sponsor Sen. Sara Feigenholtz
2021-04-28SenateAdded as Alternate Co-Sponsor Sen. John Connor
2021-04-27SenateAdded as Alternate Co-Sponsor Sen. Kimberly A. Lightford
2021-04-27SenateAdded as Alternate Co-Sponsor Sen. Robert Peters
2021-04-27SenateAdded as Alternate Co-Sponsor Sen. David Koehler
2021-04-27SenateAdded as Alternate Co-Sponsor Sen. Steve Stadelman
2021-04-27SenateAdded as Alternate Chief Co-Sponsor Sen. Cristina Castro
2021-04-27SenateAdded as Alternate Co-Sponsor Sen. Ram Villivalam
2021-04-23SenateReferred to Assignments
2021-04-23SenateFirst Reading
2021-04-23SenateChief Senate Sponsor Sen. Scott M. Bennett
2021-04-23SenatePlaced on Calendar Order of First Reading
2021-04-23SenateArrive in Senate
2021-04-22HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2021-04-22HouseAdded Co-Sponsor Rep. Sam Yingling
2021-04-22HouseAdded Co-Sponsor Rep. Anna Moeller
2021-04-22HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
2021-04-22HouseThird Reading - Short Debate - Passed 113-000-001
2021-04-22HouseAdded Co-Sponsor Rep. Theresa Mah
2021-04-22HouseAdded Co-Sponsor Rep. Daniel Didech
2021-04-21HousePlaced on Calendar Order of 3rd Reading - Short Debate
2021-04-21HouseHouse Floor Amendment No. 2 Adopted
2021-04-21HouseSecond Reading - Short Debate
2021-04-21HouseAdded Chief Co-Sponsor Rep. Aaron M. Ortiz
2021-04-21HouseAdded Chief Co-Sponsor Rep. LaToya Greenwood
2021-04-21HouseAdded Chief Co-Sponsor Rep. Frances Ann Hurley
2021-04-21HouseAdded Co-Sponsor Rep. Michelle Mussman
2021-04-21HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
2021-04-20HouseAdded Co-Sponsor Rep. Joyce Mason
2021-04-20HouseAdded Co-Sponsor Rep. Anne Stava-Murray
2021-04-20HouseAdded Co-Sponsor Rep. Bob Morgan
2021-04-20HouseAdded Co-Sponsor Rep. Barbara Hernandez
2021-04-20HouseAdded Co-Sponsor Rep. Jonathan Carroll
2021-04-20HouseAdded Co-Sponsor Rep. Will Guzzardi
2021-04-14HousePlaced on Calendar 2nd Reading - Short Debate
2021-04-14HouseRemoved from Consent Calendar Status Rep. Greg Harris
2021-04-14HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
2021-04-13HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2021-04-13HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Katie Stuart
2021-04-08HousePlaced on Calendar 2nd Reading - Consent Calendar
2021-03-23HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
2021-03-23HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
2021-03-18HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2021-03-18HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Katie Stuart
2021-03-18HouseDo Pass / Consent Calendar Higher Education Committee; 010-000-000
2021-03-09HouseAssigned to Higher Education Committee
2021-02-26HouseAdded Chief Co-Sponsor Rep. Maurice A. West, II
2021-02-24HouseRemoved Co-Sponsor Rep. Maurice A. West, II
2021-02-24HouseAdded Co-Sponsor Rep. Maurice A. West, II
2021-02-24HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
2021-02-24HouseAdded Co-Sponsor Rep. Sue Scherer
2021-02-24HouseAdded Co-Sponsor Rep. Carol Ammons
2021-02-24HouseAdded Co-Sponsor Rep. Maura Hirschauer
2021-02-19HouseReferred to Rules Committee
2021-02-19HouseFirst Reading
2021-02-19HouseAdded Co-Sponsor Rep. Kambium Buckner
2021-02-18HouseFiled with the Clerk by Rep. Katie Stuart

Illinois State Sources

TypeSource
Summaryhttps://www.ilga.gov/legislation/BillStatus.asp?DocNum=2746&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Texthttps://www.ilga.gov/legislation/102/HB/10200HB2746.htm
Texthttps://www.ilga.gov/legislation/102/HB/10200HB2746eng.htm
Texthttps://www.ilga.gov/legislation/102/HB/10200HB2746enr.htm
Texthttps://www.ilga.gov/legislation/publicacts/102/102-0583.htm
Amendmenthttps://www.ilga.gov/legislation/102/HB/10200HB2746ham001.htm
Amendmenthttps://www.ilga.gov/legislation/102/HB/10200HB2746ham002.htm
Amendmenthttps://www.ilga.gov/legislation/102/HB/10200HB2746sam001.htm
Roll Callhttps://www.ilga.gov/legislation/votehistory/102/house/10200HB2746_04222021_042000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/102/senate/10200HB2746_05282021_022000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/102/house/10200HB2746sam001_05312021_032000C.pdf

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