Illinois Statutes
§ 17-59
Illinois·Topic RIGHTS AND REMEDIES·Ch. 720 CRIMINAL OFFENSES·Act 720 ILCS 5/ Criminal Code of 2012.·Art. Title III - Specific Offenses
(was 720 ILCS 5/39-1) Sec. 17-59. Criminal usury.
(a)A person commits criminal usury when, in exchange for either a loan of money or other property or forbearance from the collection of such a loan, he or she knowingly contracts for or receives from an individual, directly or indirectly, interest, discount, or other consideration at a rate greater than 20% per annum either before or after the maturity of the loan.
(b)When a person has in his or her personal or constructive possession records, memoranda, or other documentary record of usurious loans, the trier of fact may infer that he or she has violated subsection (a) of this Section.
(c)Sentence. Criminal usury is a Class 4 felony.
(d)Non-application to licensed persons. This Section does not apply to any loan authorized to be made b
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Related
§ 5/39-1
Illinois 720 § 5/39-1
Legislative History
(Source: P.A. 96-1551, eff. 7-1-11 .)
Nearby Sections
15
§ 17
§ 17§ 17-0.5
Definitions§ 17-1
Deceptive practices§ 17-10
(Repealed)§ 17-10.2
§ 17-10.2§ 17-10.3
§ 17-10.3§ 17-10.5
Insurance fraud§ 17-10.6
Financial institution fraud§ 17-11
Odometer or hour meter fraud§ 17-11.1
(Repealed)§ 17-11.2
Airbag fraud§ 17-11.5
§ 17-11.5§ 17-12
(Repealed)