Illinois Compiled Statutes 815 Business Transactions: Article -

• Illinois Interest Act. - 815 ILCS 205, Section 0.01
  Short title. This Act may be cited as the Interest Act. (Source: P.A. 86-1324.)
• Illinois Interest Act. - 815 ILCS 205, Section 1
  The rate of interest upon the loan or forbearance of any money, goods or thing in action, shall be five dollars ($5) upon one...
• Illinois Interest Act. - 815 ILCS 205, Section 2
  Creditors shall be allowed to receive at the rate of five (5) per centum per annum for all moneys after they become due on...
• Illinois Interest Act. - 815 ILCS 205, Section 4
  General interest rate. (1) Except as otherwise provided in Section 4.05, in all written contracts it shall be lawful for the parties to stipulate or...
• Illinois Interest Act. - 815 ILCS 205, Section 4.05
  Military personnel in military service; limitation on interest rate. (a) In this Section: "Military service" means any full-time training or duty, no matter how described...
• Illinois Interest Act. - 815 ILCS 205, Section 4.1
  The term "revolving credit" means an arrangement, including by means of a credit card as defined in Section 17-0.5 of the Criminal Code of 2012...
• Illinois Interest Act. - 815 ILCS 205, Section 4.1a
  Charges for and cost of the following items paid or incurred by any lender in connection with any loan shall not be deemed to be...
• Illinois Interest Act. - 815 ILCS 205, Section 4.2
  Revolving credit; billing statements; disclosures. On a revolving credit which complies with subparagraphs (a), (b), (c), (d) and (e) of this Section 4.2, it is...
• Illinois Interest Act. - 815 ILCS 205, Section 4.2a
  If a lender or creditor, within 30 days from receiving a written letter, in clear and definitive terms, signed by the debtor, including his...
• Illinois Interest Act. - 815 ILCS 205, Section 4.3
  Whenever interest received or contracted to be received by the lender on a revolving credit as defined in Section 4.1 hereof is lawful only...
• Illinois Interest Act. - 815 ILCS 205, Section 4a
  Installment loan rate. (a) On money loaned to or in any manner owing from any person, whether secured or unsecured, except where the money loaned...
• Illinois Interest Act. - 815 ILCS 205, Section 4b
  In order to assure compliance with applicable Federal law, any State agency having chartering or licensing powers or regulatory or supervisory authority over a...
• Illinois Interest Act. - 815 ILCS 205, Section 5
  No person or corporation shall directly or indirectly accept or receive, in money, goods, discounts or thing in action, or in any other way,...
• Illinois Interest Act. - 815 ILCS 205, Section 5.1
  Notwithstanding any other law to the contrary, it shall be unlawful for any person to charge interest on any first class claim as defined...
• Illinois Interest Act. - 815 ILCS 205, Section 6
  If any person or corporation knowingly contracts for or receives, directly or indirectly, by any device, subterfuge or other means, unlawful interest, discount or...
• Illinois Interest Act. - 815 ILCS 205, Section 6a
  Any person who violates any of the provisions of paragraph (i) of Section 4a relating to advertising shall be guilty of a Class A...
• Illinois Interest Act. - 815 ILCS 205, Section 7
  The defense of usury shall not be allowed in any suit, unless the person relying upon such defense shall set up the same by...
• Illinois Interest Act. - 815 ILCS 205, Section 8
  When any written contract, wherever payable, shall be made in this State, or between citizens or corporations of this State, or a citizen or...
• Illinois Interest Act. - 815 ILCS 205, Section 9
  Whenever, in any statute, act, deed, written or verbal, contract, or in any public or private instrument whatever, any certain rate of interest is...
• Illinois Interest Act. - 815 ILCS 205, Section 10
  In all computations of time, and of interest and discounts, a month shall be considered to mean a calendar month, and a year shall...
• Illinois Interest Act. - 815 ILCS 205, Section 11
  Whenever the Department of Financial Institutions has reason to believe that any person or corporation engaged in the business of lending money is contracting...

Last modified: February 18, 2015