Current through Register Vol. 48, No. 44, November 1, 2024
Section 110.370 - Lending Limits and Refinancinga) No title-secured loan shall be made in an amount that the scheduled principal and interest payment for any one monthly payment on the loan exceeds 22.5 % of the obligor's gross monthly income.b) The loan agreement shall advise the obligor that matters involving improprieties in the making of the loan or in loan collection practices may be referred to the Division and shall prominently disclose the Division's address and telephone number, and website.Ill. Admin. Code tit. 38, § 110.370
Amended at 33 Ill. Reg. 4142, effective April 1, 2009
Amended at 46 Ill. Reg. 6519, effective 8/1/2022Amended at 47 Ill. Reg. 9271, effective 6/20/2023