Finance charge

Illinois Legislature Adopts New “All-In” Financial Expense Cap | Ballard Spahr srl

On January 13, 2021, the Illinois legislature overwhelmingly passed SB 1792 (the “Act”), intended, among other things, to revise state consumer credit laws. Described before enactment as a bill relating to “Energy storage systemsSB 1792 passed, along with other major bills, with remarkably little debate. The inclusion by the editors of “Predatory Loan Prevention Act“In […]