Illinois Statutes
§ 2-51
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 815 BUSINESS TRANSACTIONS·Act 815 ILCS 122/ Payday Loan Reform Act.·Art. Article 2 - Payday Loans
Violation of Federal law constitutes a violation of this Act with respect to practices concerning members of the military and their dependents. Notwithstanding any other provision of law, a violation of any provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or any regulation adopted pursuant thereto shall be deemed to be a violation of this Act.
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Legislative History
(Source: P.A. 97-413, eff. 1-1-12.)
Nearby Sections
15
§ 2
Definitions§ 2-10
Permitted fees§ 2-15
Verification§ 2-20
Required disclosures§ 2-30
Rollovers prohibited§ 2-35
Proceeds and payments§ 2-40
Repayment plan§ 2-45
Default§ 2-5
Loan terms§ 2-51
§ 2-51§ 2-60
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