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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 122

Sec. 2-7. Wage assignments.

63 words·~1 min read·/il/chapter-815/act-122/2-7

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Sec. 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.
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