Clouse v. Heights Finance Corp.
Complaint filed by Plaintiff alleging multiple Consumer Installment Loan Act violations.
. After filing, but before trial, penalty provision of Act was amended. Trial court ruled that amended section 20(b) would determine remedy, if any, at trial, and that under the new statute the maximum recovery for each loan was limited to the amount of interest actually paid plus costs and attorney fees regardless of number of violations. Appellate court affirmed decision, applying amended section 20(b) retroactively to determine recovery, if any. 510 N.E.2d 1 (Ill. Ct. App. 1987).
