(110 ILCS 992/7-45) Sec. 7-45. Discharge of obligations. (a) All obligations under an EISA shall terminate if the consumer is deemed totally and permanently disabled by the applicable governmental agency. (b) All obligations under an EISA shall terminate upon the death of the consumer. (c) The requirements for total and permanent disability of a borrower or cosigner in subsections (b) through (e) of Section 5-85 that apply to borrowers apply to this Section.
(Source: P.A. 104-383, eff. 8-15-25.) |