Illinois Compiled Statutes 205 ILCS 670 Consumer Installment Loan Act. Section 18.5

    (205 ILCS 670/18.5)

    Sec. 18.5. Incentives. A licensee may pay money or any other thing of value to any person as an incentive or inducement to apply for a loan, to borrow money, or to refer potential borrowers to the licensee. The Department may by rule place reasonable limits on such incentives or inducements.

(Source: P.A. 89-400, eff. 8-20-95.)

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Last modified: February 18, 2015