Rate cap

815 ILCS 124/28, under Buy-Now-Pay-Later Loan Consumer Protection Act.

815 ILCS 124/28

(815 ILCS 124/28)

    Sec. 28. Rate cap. A loan entered into under this Act is subject to the rate cap set forth in Section 15-5-5 of the Predatory Loan Prevention Act.

(Source: P.A. 104-475, eff. 6-25-26.)