Published May 12, 2021 • Updated on May 12, 2021 at 7:01 am SHUTTERSTOCK Illinois state regulators have released answers to frequently asked questions about payday-type loans after new restrictions took effect this spring. Don't miss local breaking news and weather! Download our mobile app for iOS or Android — and sign up for alerts. That legislation signed into law by Gov. J.B. Pritzker on March 23 prohibits loans with an annual percentage rate of more than 36%. Loans covered by the law but taken before March 23 are void and lenders may not attempt to collect any part of it. Local