Illinois Code § 815 ILCS 177/10

At the time a consumer applies for a
refund
anticipation loan or check, a facilitator shall disclose to the consumer on a
document that is separate from the application:

 
 
(1) the fee for the refund anticipation loan or 
 
refund anticipation check;

 
 
(1.5) for refund anticipation loans, disclosure of 
 
the refund anticipation loan interest rate. The refund anticipation loan interest rate shall be calculated as set forth in Section 5;

 
 
(2) the estimated fee for preparing and 
 
electronically filing a tax return;

 
 
(2.5) for refund anticipation loans, the total cost 
 
to the consumer for utilizing a refund anticipation loan;

 
 
(3) for refund anticipation loans, the estimated date 
 
that the loan proceeds will be paid to the consumer if the loan is approved;

 
 
(4) for refund anticipation loans, that the consumer 
 
is responsible for repayment of the loan and related fees in the event the tax refund is not paid or not paid in full; and

 
 
(5) for refund anticipation loans, the availability 
 
of electronic filing for the income tax return of the consumer and the average time announced by the federal Internal Revenue Service within which the consumer can expect to receive a refund if the consumer's return is filed electronically and the consumer does not obtain a refund anticipation loan.

refund anticipation check;
the refund anticipation loan interest rate. The refund anticipation loan interest rate shall be calculated as set forth in Section 5;
electronically filing a tax return;
to the consumer for utilizing a refund anticipation loan;
that the loan proceeds will be paid to the consumer if the loan is approved;
is responsible for repayment of the loan and related fees in the event the tax refund is not paid or not paid in full; and
of electronic filing for the income tax return of the consumer and the average time announced by the federal Internal Revenue Service within which the consumer can expect to receive a refund if the consumer's return is filed electronically and the consumer does not obtain a refund anticipation loan.

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