Sec. 15-35

815 ILCS 175/15-35, under Article 15.

815 ILCS 175/15-35

(815 ILCS 175/15-35)

    Sec. 15-35.

Contracts required to be in writing; retention of copy by borrowing party. To be enforceable, every contract for the services of a loan broker shall be in writing and signed by all contracting parties. The borrowing party and loan broker shall retain a copy of the signed contract at the time it is signed. The loan broker shall retain a copy of the contract for a period of 6 years.

(Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)