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HB 4687·IL·house

REPEAL-LOAN DEFAULT ACT

Signed into LawFiled Jan 29, 2026
Sponsor: La Shawn Ford (D)
Latest Action

Public Act . . . . . . . . . 104-0672

Jul 31, 2026

Summary

The bill eliminates the Educational Loan Default Act, which governed how the state handled defaulted student loans. It takes effect as soon as it becomes law, removing all provisions of that act. This change affects borrowers, lenders, and any state agencies that previously enforced the act.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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