Rule Detail: late-fee / IL

This rule expired on 2026-01-01.
This rule may be outdated. Last updated Jan 2025.

Metadata

Effective Year: —
Last Updated: 2025-01-01
Expires On: —
Version: 2025.01
Effective Date: 2025-01-01
Supersedes: —
Source Changed: Not checked

Data

Key	Value
maxLateFee	20
dailyLateFee	null
gracePeriodDays	5
percentageCap	null

Citations

No source URL available for this rule.

765 ILCS 730/1

High

Updated: 2025-01-01Confidence: 80%

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Scenario Reasoning

⚠️ Informational only. This is not legal advice. Always consult a qualified attorney.

Compliance Checklist

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Risk Scoring

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{
  "data": {
    "maxLateFee": 20,
    "dailyLateFee": null,
    "gracePeriodDays": 5,
    "percentageCap": null
  },
  "citations": [
    {
      "statute": "765 ILCS 730/1",
      "url": "",
      "excerpt": "",
      "sourceType": "statute",
      "lastUpdated": "2025-01-01",
      "confidence": 0.8
    }
  ],
  "version": {
    "version": "2025.01",
    "effectiveDate": "2025-01-01",
    "supersedes": null,
    "notes": [
      "Illinois limits late fees on month-to-month leases to $20 or 20% of rent, whichever is less.",
      "Chicago has additional protections."
    ]
  }
}