It’s official. Illinois has a new consumer loan laws.
The House voted 108-1-1 to pass House Bill 537.
The governor has 90 days to sign it, so we should be looking at this bill becoming effective in about one year (between April 1 – May 1, 2010.)
We have 3 products today:
- PLRA 14-day product
- Payday Installment Loan (new product)
- Title loan installment product.
