(815 ILCS 123/15-5-15)
    Sec. 15-5-15. No evasion.
    (a) No person or entity may engage in any device, subterfuge, or pretense to evade the requirements of this Act, including, but not limited to, making loans disguised as a personal property sale and leaseback transaction; disguising loan proceeds as a cash rebate for the pretextual installment sale of goods or services; or making, offering, assisting, or arranging a debtor to obtain a loan with a greater rate or interest, consideration, or charge than is permitted by this Act through any method including mail, telephone, internet, or any electronic means regardless of whether the person or entity has a physical location in the State.
    (b) If a loan exceeds the rate permitted by Section 15-5-5, a person or entity is a lender subject to the requirements of this Act notwithstanding the fact that the person or entity purports to act as an agent, service provider, or in another capacity for another entity that is exempt from this Act, if, among other things:
        (1) the person or entity holds, acquires, or
    
maintains, directly or indirectly, the predominant economic interest in the loan; or
        (2) the person or entity markets, brokers, arranges,
    
or facilitates the loan and holds the right, requirement, or first right of refusal to purchase loans, receivables, or interests in the loans; or
        (3) the totality of the circumstances indicate that
    
the person or entity is the lender and the transaction is structured to evade the requirements of this Act. Circumstances that weigh in favor of a person or entity being a lender include, without limitation, where the person or entity:
            (i) indemnifies, insures, or protects an exempt
        
person or entity for any costs or risks related to the loan;
            (ii) predominantly designs, controls, or operates
        
the loan program; or
            (iii) purports to act as an agent, service
        
provider, or in another capacity for an exempt entity while acting directly as a lender in other states.
(Source: P.A. 101-658, eff. 3-23-21.)