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 |