Licensee; prohibition against accepting certain checks

205 ILCS 670/19.2, under Consumer Installment Loan Act.

205 ILCS 670/19.2

(205 ILCS 670/19.2)     Sec. 19.2. Licensee; prohibition against accepting certain checks. At the time a loan is made or within 20 days after a loan is made, a licensee shall not (i) accept a check and agree to hold it for a period of days before deposit or presentment or (ii) accept a check dated subsequent to the date written.

(Source: P.A. 96-936, eff. 3-21-11.)