Rollovers prohibited

815 ILCS 122/2-30, under Payday Loans.

815 ILCS 122/2-30

(815 ILCS 122/2-30)

    Sec. 2-30. Rollovers prohibited. Rollover of a payday loan by any lender is prohibited. This Section does not prohibit entering into a repayment plan, as provided under Section 2-40.

(Source: P.A. 101-658, eff. 3-23-21.)