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Illinois Cash Advance Consumer information

Payday Loan usage info:
2% (two percents)
Short term loan permit:
Authorized
Legislation:
815 ILCS 122/1-1 et seq.; 2011 Public Act 97-0421
Maximum loan amount:
1000$ or twenty five percents of overall consumers income (what is less).
Cash loan period:
Minimal loan period is thirteen days and maximum is. Several payday loans in time are prohibited except the installment payday loan to exclude situations cutomer is being indebted.
Fees:

Lenders can not charge consumers to pay more than fifteen and a half dollars per each hundred.

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