Illinois Statutes
§ 1-5 — Purpose and construction
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 815 BUSINESS TRANSACTIONS·Act 815 ILCS 122/ Payday Loan Reform Act.·Art. Article 1 - General Provisions
The purpose of this Act is to protect consumers who enter into payday loans and to regulate the lenders of payday loans. This Act shall be construed as a consumer protection law for all purposes. This Act shall be liberally construed to effectuate its purpose.
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Legislative History
(Source: P.A. 94-13, eff. 12-6-05.)
Nearby Sections
15
§ 1
Short title§ 1-1
Short title§ 1-10
Definitions§ 1-15
Applicability§ 1.5
§ 1.5§ 10-1
Short title§ 10-100
Immunity for official acts§ 10-105
Scope of the Act§ 10-110
§ 10-110§ 10-115
Business broker lien