Illinois § 5.5
Full text of Illinois Illinois Compiled Statutes § 5.5, with citation guidance and answers to common questions.
§ 5.5.
Disclosure of heightened monitoring of finances. Any institution approved by the Board under this Act shall make the following disclosures: (a) If the United States Department of Education places the institution on either the Heightened Cash Monitoring 2 payment method or the reimbursement payment method, as authorized under 34 CFR 668.162, a clear and conspicuous disclosure that the United States Department of Education has heightened monitoring of the institution's finances and the reason for such monitoring. Such disclosure shall be made within 14 days of the action of the United States Department of Education both on the institution's website and to all students and prospective students on a form prescribed by the Board. (b) Any other disclosure the Board requires by rule adopted pursuant to this Act. (Source: P.A. 102-1046, eff. 6-7-22.)
Frequently Asked Questions About Illinois § 5.5
What does Illinois Compiled Statutes § 5.5 cover?
Section 5.5 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 5.5?
A common citation format is "Illinois Compiled Statutes § 5.5" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 5.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.