Woodstock Institute - Payday Loan Reform Act Goes into Effect December 6

Learn More About Woodstock

Home About Us Focus Areas Research Policy Fact Book Newsroom CRA Coalition Blog

Payday Loan Reform Act Goes into Effect December 6

The Illinois Payday Loan Reform Act will go into effect December 2nd, 2005. The new law sets the maximum allowable fee at $15.50 per $100 dollars borrowed and offers a no-cost repayment plan for borrowers trapped in a cycle of debt. For information on the availability of the repayment plan or any other aspect of the new law, e-mail Woodstock Institute or call us (312) 427-8070.

Bookmark with:

Free social bookmarking plugins and extensions for Joomla! websites!

Comments (0) add comment

Write comment

< Prev		Next >

Popular of Late

Basic Banking Needs HMDA-Like Rules

Latest Comments

New policies needed to get lender-owned ...
In Europe we are living now a similar situation and I'm afraid of what can happen. It's not only a real estate problem and I don't think that new poli...

New policies needed to get lender-owned ...
I think this pretty much sums up the state of affairs when it comes to the real estate market and home foreclosures. Home foreclosures are on the ris...

View Articles by Month