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The Illinois Regulatory Authority publishes Frequently Asked Questions about the Prevention of Predatory Loans Act and a Database Reporting Notice Ballard Spahr LLP
The Illinois Department of Financial and Professional Regulation (DFPR) enacted the Predatory Loan Prevention Act frequently asked Questions (PLPA). The PLPA came into force on March 23, 2021, on the day it came into force by Governor Pritzker. The DFPR also gave a “Note on the consumer registration database and on the Prevention of Robbery …