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State News: Illinois
Legislation
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City of Chicago Predatory Lending Ordinance
Law number: Chicago Ordinance SO2000-2145 of 2000
Enacted: 10/29/00
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High Risk Home Loan Act
Law number: Public Act 93-0561
Enacted: 01/01/04
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Predatory Lending Rules: Commercial banks
Law number: 38 Ill. Reg. 345 (commercial banks)
Enacted: 05/17/01
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Cook County Predatory Lending Ordinance
Law number: Cook County Ordinance 240684 of 2001
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Predatory Lending Rules: Savings & Loan Associations
Law number: 38 Ill. Reg. 1000 (savings and loan associations)
Enacted: 05/17/01
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Predatory Lending Rules: Savings banks
Law number: 38 Ill. Reg. 1075 (savings banks)
Enacted: 05/17/01
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Predatory Lending Rules: Residential mortgage licenses
Law number: 38 Ill. Reg. 1050 (residential mortgage licensees)
Enacted: 05/17/01
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The 2007 Defense Authorization Bill includes an amendment mandating a 36% rate cap on loans to service members. More >
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