Illinois § 2-50 Practices concerning members of the military

Illinois Statutes

§ 2-50 — Practices concerning members of the military

Illinois § 2-50

JurisdictionIllinois

TopicBUSINESS AND EMPLOYMENT

Ch. 815BUSINESS TRANSACTIONS

Act 815 ILCS 122/Payday Loan Reform Act.

Art.Article 2 - Payday Loans

This text of Illinois § 2-50 (Practices concerning members of the military) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

815 Ill. Comp. Stat. 2-50 (2026).

Text

(a)A lender may not garnish the wages or salaries of a consumer who is a member of the military.

(b)In addition to any rights and obligations provided under the federal Servicemembers Civil Relief Act, a lender shall suspend and defer collection activity against a consumer who is a member of the military and who has been deployed to a combat or combat support posting for the duration of the deployment.

(c)A lender may not knowingly contact the military chain of command of a consumer who is a member of the military in an effort to collect on a payday loan.

(d)Lenders must honor the terms of any repayment plan that they have entered into with any consumer, including a repayment agreement negotiated through military counselors or third-party credit counselors.

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(a) A lender may not garnish the wages or salaries of a consumer who is a member of the military. (b) In addition to any rights and obligations provided under the federal Servicemembers Civil Relief Act, a lender shall suspend and defer collection activity against a consumer who is a member of the military and who has been deployed to a combat or combat support posting for the duration of the deployment. (c) A lender may not knowingly contact the military chain of command of a consumer who is a member of the military in an effort to collect on a payday loan. (d) Lenders must honor the terms of any repayment plan that they have entered into with any consumer, including a repayment agreement negotiated through military counselors or third-party credit counselors.