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STATE BILLIL HB 4754PASSED
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PRIVATE EDUCATION LOANS-REPORT

State of Illinois

Amends the Know Before You Owe Private Education Loan Act. Provides that the annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman shall include the total number and dollar amount (instead of the volume) of private education loans made annually by a private educational lender, the total number and dollar amount (instead of the volume) of private education loans made annually at institutions of higher education, the total number and dollar amount of private education loans made annually with a cosigner, and the default rate for the private education loans reported by the private educational lender pursuant to specified provisions for the previous reporting period. Effective immediately.

Status
Passed
Signed or otherwise enacted
Status date
Jun 26, 2026
139 days ago
Current chamber
House of Representatives
Session
2025-2026 Regular Session
IL HB 4754 · PassedJun 26

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Bill details

Last action
Public Act . . . . . . . . . 104-0504 · Jun 26, 2026

Sponsors

MCMargaret CrokeRepresentative · Democrat · HD-012Primary sponsor
MHMichael HalpinSenator · Democrat · SD-036Primary sponsor
KSKatie StuartRepresentative · Democrat · HD-112
JWJawaharial WilliamsRepresentative · Democrat · HD-010
CACarol AmmonsRepresentative · Democrat · HD-103

Bill history

Newest first.

Jun 26, 2026Public Act . . . . . . . . . 104-0504House
Jun 26, 2026Effective Date June 26, 2026House
Jun 26, 2026Governor ApprovedHouse
Jun 12, 2026Sent to the GovernorHouse
May 14, 2026Passed Both HousesHouse
May 14, 2026Third Reading - Passed; 058-000-000Senate
Apr 30, 2026Placed on Calendar Order of 3rd Reading May 5, 2026Senate
Apr 30, 2026Second ReadingSenate
Show 19 earlier actions
Apr 22, 2026Placed on Calendar Order of 2nd Reading April 28, 2026Senate
Apr 22, 2026Approved for Consideration AssignmentsSenate
Apr 10, 2026Referred to AssignmentsSenate
Apr 10, 2026First ReadingSenate
Apr 10, 2026Chief Senate Sponsor Sen. Michael W. HalpinSenate
Apr 10, 2026Placed on Calendar Order of First ReadingSenate
Apr 10, 2026Arrive in SenateSenate
Apr 9, 2026Added Chief Co-Sponsor Rep. Carol AmmonsHouse
Apr 9, 2026Third Reading - Short Debate - Passed 097-000-000House
Apr 8, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
Apr 8, 2026Second Reading - Short DebateHouse
Mar 6, 2026Added Chief Co-Sponsor Rep. Jawaharial WilliamsHouse
Feb 25, 2026Placed on Calendar 2nd Reading - Short DebateHouse
Feb 24, 2026Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000House
Feb 19, 2026Added Chief Co-Sponsor Rep. Katie StuartHouse
Feb 17, 2026Assigned to Financial Institutions and Licensing CommitteeHouse
Feb 6, 2026Referred to Rules CommitteeHouse
Feb 6, 2026First ReadingHouse
Feb 2, 2026Filed with the Clerk by Rep. Margaret CrokeHouse

Recorded votes

House Financial Institutions & Licensing CommitteeFeb 24, 2026 · House · 11 yea · 0 nayPassed
House Third ReadingApr 9, 2026 · House · 97 yea · 0 nayPassed
Senate Third ReadingMay 14, 2026 · Senate · 58 yea · 0 nayPassed

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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Bill data from LegiScan, licensed under CC BY 4.0.

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