Illinois Passes Bill Prohibiting Lenders From Charging Much More Than 36% APR on Customer Loans
Illinois Passes Bill Prohibiting Lenders From Charging Much More Than 36% APR on Customer Loans On 13, the Illinois legislature unanimously passed the Predatory Loan Prevention Act (SB 1792) (“PLPA”), which would prohibit lenders from charging more than 36% APR on consumer loans january. Particularly, the PLPA would connect with any non-commercial loan made to […]