(15 ILCS 405/10.05b) (from Ch. 15, par. 210.05b)
Sec. 10.05b.
Deduction from Warrants and Payments for Satisfaction of
Delinquent Student Loan and Financial Aid Obligations. At the direction of
the Illinois Student Assistance Commission, the Comptroller shall deduct
from a warrant or other payment described in Section 10.05 of this Act, in
accordance with the procedures provided therein, and pay over to the
Illinois Student Assistance Commission that amount certified as necessary to
satisfy, in whole or in part: (a) delinquent or defaulted amounts due and
owing from a borrower, whether or not due and owing to the State, on any
loan guaranteed by that Commission under the Higher Education Student
Assistance Act or on any "eligible loan" as that term is defined under the
Education Loan Purchase Program Law; and (b) any amounts recoverable under
Section 120 of the Higher Education Student Assistance Act, whether or not any
amounts so recoverable are due and owing to the State, in a civil
action from a person who received a scholarship, grant, monetary award, or
guaranteed loan. The Comptroller shall provide the Commission with the address
to which the warrant or other payment was to be mailed and the social security
number of each person from whom a deduction is made pursuant to this Section.
(Source: P.A. 87-997.)
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