Ill. Admin. Code tit. 38, pt. 1010

Student Loan Servicing Rights Act

AUTHORITY: Implementing and authorized by the Student Loan Servicing Rights Act [110 ILCS 992]. SOURCE: Adopted at 44 Ill. Reg. 16445, effective October 9, 2020; amended at 49 Ill. Reg. 176, effective December 18, 2024DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION

1010.100Definitions 1010.120Fees 1010.130Notice of Changes by Licensee 1010.140Licensee Website and Toll-Free Telephone Service 1010.150Alternative Repayment and Loan Forgiveness Options 1010.160Account Information, Payment Processing, Cosigner Payments 1010.170Books and Records 1010.180Record Retention 1010.190Electronic Records 1010.210Preparation of Independent Audit Report 1010.220Examination