Sec. 7-90. Receipts; statements of account; evidence of payment.
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/il/chapter-110/act-992/7-90A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 7-90. Receipts; statements of account; evidence of payment.
(a)The EISA provider shall deliver or mail to the consumer, without request, a written receipt for each payment made pursuant to an EISA. A periodic statement showing a payment received by mail complies with this subsection (a).
(b)An EISA provider shall provide a written payment history to a borrower upon request at no cost within 21 calendar days of receiving the request.
(c)An EISA provider shall indicate on its website that a borrower may request a payoff statement. An EISA provider shall provide the payoff statement within 10 days, including information the requester needs to pay off the loan. If a payoff is made, the EISA provider must send a paid-in-full notice within 30 days.