Illinois § 2-50
Full text of Illinois Illinois Compiled Statutes § 2-50, with citation guidance and answers to common questions.
§ 2-50.
Practices concerning members of the military. (a) A lender may not garnish the wages or salaries of a consumer who is a member of the military. (b) In addition to any rights and obligations provided under the federal Servicemembers Civil Relief Act, a lender shall suspend and defer collection activity against a consumer who is a member of the military and who has been deployed to a combat or combat support posting for the duration of the deployment. (c) A lender may not knowingly contact the military chain of command of a consumer who is a member of the military in an effort to collect on a payday loan. (d) Lenders must honor the terms of any repayment plan that they have entered into with any consumer, including a repayment agreement negotiated through military counselors or third-party credit counselors. (Source: P.A. 94-13, eff. 12-6-05.)
Frequently Asked Questions About Illinois § 2-50
What does Illinois Compiled Statutes § 2-50 cover?
Section 2-50 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 2-50?
A common citation format is "Illinois Compiled Statutes § 2-50" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 2-50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.