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Illinois Statutes Chapter 110. Higher Education § 992/5-55. Payoff statements

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 5-55. Payoff statements. A servicer shall indicate on its website that a borrower may request a payoff statement. A servicer shall provide the payoff statement within 10 days, including information the requester needs to pay off the loan. If a payoff is made, the servicer must send a paid-in-full notice within 30 days.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 110. Higher Education § 992/5-55. Payoff statements - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-110-higher-education/il-st-sect-110-992-5-55/

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