Illinois Compiled Statutes 815 Business Transactions: Article 1 - General Provisions

• Illinois Payday Loan Reform Act. - 815 ILCS 122, Section 1-1
  Short title. This Act may be cited as the Payday Loan Reform Act. (Source: P.A. 94-13, eff. 12-6-05.)
• Illinois Payday Loan Reform Act. - 815 ILCS 122, Section 1-5
  Purpose and construction. The purpose of this Act is to protect consumers who enter into payday loans and to regulate the lenders of payday loans....
• Illinois Payday Loan Reform Act. - 815 ILCS 122, Section 1-10
  Definitions. As used in this Act: "Check" means a "negotiable instrument", as defined in Article 3 of the Uniform Commercial Code, that is drawn on...
• Illinois Payday Loan Reform Act. - 815 ILCS 122, Section 1-15
  Applicability. (a) Except as otherwise provided in this Section, this Act applies to any lender that offers or makes a payday loan to a consumer...

Last modified: February 18, 2015