IL HB3393

Amends the Consumer Installment Loan Act Section 18 to add regulations on unsolicited checks used as loan offers.

Prohibits delivery of unsolicited checks to consumers that create loan obligations upon cashing unless the check displays "THIS IS A LOAN" in 18-point uppercase type on its face.

Exemption applies when a consumer has previously submitted a credit application, requested credit extension, or has an existing relationship with the sender.

Maintains existing advertising requirements that loan rates must be expressed as annual percentage rates and cannot be advertised as state-approved or state-established.

Requires advertisements stating installment payments, finance charges, or repayment terms to disclose loan amount, payment schedule details, and finance charge rate as annual percentage rate.