Illinois Predatory Loan Prevention Act signed into law and now effective
By EsqSocial Corporation 25/03/21
On March 23, Illinois Governor Pritzker signed into law SB 1792, which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Secretary of Financial and Professional Regulation to adopt rules “consistent with [the] Act.”...
By: Ballard Spahr LLP