Illinois Payday loan laws. Illinois Payday loan legislation. Illinois state has specific payday loans laws. Illinois Payday loans rate is $15.50 per $100 loaned.
Illinois Payday loan term of a payday loan is a minimum of 13 days and a maximum of 120 days. Maximum amount of Illinois Payday loan is a cash advance is $1000 or 25% of the customer's monthly income. Illinois Payday loans Rollovers are prohibited.
Illinois State Payday Loan Laws and Legislation InformationIllinois Payday loans Legal Status: Legal Illinois Payday loans Citation:
Ill. Comp. Stat. Ann. § 122/1-1 Illinois Payday loans Terms:
Illinois Payday loans Maximum Loan Amount: lesser of $1000 or 25% gross monthly income
Illinois Payday loans Term: 13-45 days
Illinois Payday loans Maximum Finance Rate and Fees: $15.50 per $100
Illinois Payday loans Finance Charge for 14-day $100 loan: $15.50
APR for 14-day $100 loan: 403% Illinois Payday loans Debt Limits:
Illinois Payday loans Maximum Number of Outstanding Loans at One Time: Two
Illinois Payday loans Rollovers Permitted: None (cannot rollover)
Illinois Payday loans Cooling-off Period: 7 days after 45 consecutive loan days
Illinois Payday loans Repayment Plan: Yes Illinois Payday loans Collection Limits:
Illinois Payday loans Collection Fees: One $25 NSF fee (Presentment limit = 2)
Illinois Payday loans Criminal Action: Prohibited Illinois Payday loans Where to Complain, Get Information:
Illinois Payday loans Regulator: Illinois Division of Financial Institutions
Illinois Payday loans Address: Consumer Credit Section, 320 W. Washington Springfield IL 62701
Illinois Payday loans Phone Number: (888) 298-8089
Illinois Payday loans Fax:
Illinois Payday loans Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor
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