{"data":{"id":"us-il/815-ilcs-122-2-45","jurisdiction":"us-il","citation":"815 ILCS 122/2-45","heading":"Default.","body":"(a) No legal proceeding of any kind, including, but not limited to, a lawsuit or arbitration, may be filed or initiated against a consumer to collect on a payday loan until 28 days after the default date of the loan, or, in the case of a payday loan under a repayment plan, for 28 days after the default date under the terms of the repayment plan.\n(b) Upon and after default, a lender shall not charge the consumer any finance charges, interest, fees, or charges of any kind, other than the insufficient fund fee described in Section 2-10.\n(c) Notwithstanding whether a loan is or has been in default, once the loan becomes subject to a repayment plan, the loan shall not be construed to be in default until the default date provided under the terms of the repayment plan.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","Payday Loan Reform Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2697\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"31f281b211675c02c184bc035603e6026ae9d41c2a0c27c78f2e74d77decb96e","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-122-2-40","next":"us-il/815-ilcs-122-2-50"},"notice":"GroundRules: Original legal text. Not legal advice."}