Illinois Compiled Statutes 815 Business Transactions: Article -

• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 1
  Short title. This Act may be cited as the Tax Refund Anticipation Loan Reform Act. (Source: P.A. 97-849, eff. 1-1-13.)
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 5
  Definitions. The following definitions apply in this Act: "Consumer" means any natural person who, singly or jointly with another consumer, is solicited for, applies for,...
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 10
  Disclosure requirements. At the time a consumer applies for a refund anticipation loan or check, a facilitator shall disclose to the consumer on a document...
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 15
  Posting of fee schedule and disclosures. (a) A facilitator shall display a schedule showing the current fees for refund anticipation loans, if refund anticipation loans...
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 25
  Prohibited activities. No person, including any officer, agent, employee, or representative, shall: (a) Charge or impose any fee, charge, or other consideration in the making...
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 30
  Rate limits for non-bank refund anticipation loans. (a) No person shall make or facilitate a refund anticipation loan for which the refund anticipation loan interest...
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 35
  Applicability to certain entities. No obligation or prohibition imposed upon a creditor, a person, or a facilitator by this Act shall apply to a bank,...
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 40
  Violation. A violation of this Act constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. (Source: P.A. 97-849, eff. 1-1-13.)
• Illinois Tax Refund Anticipation Loan Reform Act. - 815 ILCS 177, Section 99
  Effective date. This Act takes effect on January 1, 2003. (Source: P.A. 92-664, eff. 1-1-03.)

Last modified: February 18, 2015