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Illinois Compiled Statutes

720 ILCS 5/17-59 (2026)

Criminal usury

✓ current as of May 2026
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(720 ILCS 5/17-59) (was 720 ILCS 5/39-1)
    Sec. 17-59. Criminal usury.
    (a) A person commits criminal usury when, in exchange for either a loan of money or other property or forbearance from the collection of such a loan, he or she knowingly contracts for or receives from an individual, directly or indirectly, interest, discount, or other consideration at a rate greater than 20% per annum either before or after the maturity of the loan.
    (b) When a person has in his or her personal or constructive possession records, memoranda, or other documentary record of usurious loans, the trier of fact may infer that he or she has violated subsection (a) of this Section.
    (c) Sentence. Criminal usury is a Class 4 felony.
    (d) Non-application to licensed persons. This Section does not apply to any loan authorized to be made by any person licensed under the Consumer Installment Loan Act or to any loan permitted by Sections 4, 4.2 and 4a of the Interest Act or by any other law of this State.
(Source: P.A. 96-1551, eff. 7-1-11.)

    
Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2015–2025 · leading case: Jackson v. Payday Fin., LLC, 79 F. Supp. 3d 779 (N.D. Ill. 2015).
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Jackson v. Payday Fin., LLC, 79 F. Supp. 3d 779 (N.D. Ill. 2015). “Plaintiffs’ four count complaint alleges that Webb, the Webb Entities, and the collection agencies CashCall and WS Funding (collectively the “Defendants”) violated the Illinois’ Interest Act and the Illinois Criminal Usury statute, 815 ILCS 205/4(1) and 720 ILCS 5/17-59, and the…”
Raiber v. Weinschneider, 2025 IL App (1st) 221531-U (Ill. App. Ct. 2025). · cites it 2× “There is no indication that any criminal charges were brought against Raiber.”
— 720 ILCS 5/17-59(a) — 1 case
Raiber v. Weinschneider, 2025 IL App (1st) 221531-U (Ill. App. Ct. 2025). “There is no indication that any criminal charges were brought against Raiber.”
— 720 ILCS 5/17-59(d) — 1 case
Raiber v. Weinschneider, 2025 IL App (1st) 221531-U (Ill. App. Ct. 2025). “There is no indication that any criminal charges were brought against Raiber.”
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