815 ILCS 122/2-7

Current through Public Act 103-593
Section 815 ILCS 122/2-7 - Wage Assignments

Any payday loan that is a transaction in which the lender accepts a wage assignment must meet the requirements of this Act, the requirements of the Illinois Wage Assignment Act, and the requirements of 16 C.F.R. 444.2(a)(3)(i)(2003, no subsequent amendments or editions are included). A violation of this Section constitutes a material violation of the Payday Loan Reform Act.

815 ILCS 122/2-7

Added by P.A. 094-0013, § 2-7, eff. 12/6/2005.