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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 670

Sec. 19.2. Licensee; prohibition against accepting certain checks.

57 words·~1 min read·/il/chapter-205/act-670/19-2

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Sec. 19.2. Licensee; prohibition against accepting certain checks. At the time a loan is made or within 20 days after a loan is made, a licensee shall not
(i)accept a check and agree to hold it for a period of days before deposit or presentment or
(ii)accept a check dated subsequent to the date written.
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