Illinois State AutoTitle Loan Regulation

States that permit car-title lending as of December 2012

State:

Status:

Citation:

Max Loan:

Cost Limits:

NSF/Fees:

Term Limits:

Cost $500:

Sale/LeaseBack?:

Repo Terms:

Right to Cure:

Surplus/Deficiency:

Prohibited Practices:

Title Required:

Illinois

Permit

IL Admin. Code Tit. 38, §§110.300-410 

$4000 or up to 50% of monthly income 

No Cap 

No ck cash fee 

Equal installments, 15 days between loans. 1 renewal if pay 20% prin. 

No cap

Prohibited

Notice





No balloon payments 

Yes