Illinois Compiled Statutes 205 ILCS 670 Consumer Installment Loan Act. Section 21

    (205 ILCS 670/21) (from Ch. 17, par. 5427)

    Sec. 21. Application of Act. This Act does not apply to any person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or of the United States relating to banks, savings and loan associations, savings banks, credit unions, or licensees under the Residential Mortgage License Act for residential mortgage loans made pursuant to that Act. This Act does not apply to business loans. This Act does not apply to payday loans.

(Source: P.A. 94-13, eff. 12-6-05.)

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Last modified: February 18, 2015