Illinois Compiled Statutes 205 ILCS 670 Consumer Installment Loan Act. Section 19.2

    (205 ILCS 670/19.2)

    Sec. 19.2. Licensee; prohibition against accepting certain checks. At the time a loan is made or within 20 days after a loan is made, a licensee shall not (i) accept a check and agree to hold it for a period of days before deposit or presentment or (ii) accept a check dated subsequent to the date written.

(Source: P.A. 96-936, eff. 3-21-11.)

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Last modified: February 18, 2015