Site: lawfirms.com
... In Illinois, the Non-Recourse Consumer Funding Lawsuit Act was passed in 2015. ... In addition, the interest and other fees charged to the consumer cannot exceed 80% of the total loan ... If a loan is made, it cannot exceed $500,000 per consumer, per legal claim they have made. ... cannot exceed 40% annually of the total principal advanced to the consumer. ... Thus, a middle range works best for both consumer and consumer litigation funding company. ...