Chapter 815, BUSINESS TRANSACTIONS

(815 ILCS 630/6) (from Ch. 121 1/2, par. 2006) Sec. 6. Prior to the acceptance of a fee from a job seeker, a Service shall provide the job seeker with a written contract which shall include at least the following: (1) The name of the Service and the addresses and telephone number…

(815 ILCS 645/6) (from Ch. 29, par. 56) Sec. 6. Contract requirements: cancellation and refund. (a) Every contract for physical fitness services shall provide that: (1) the contract may be cancelled by the customer within 3 business days after the first business day after the con…

(815 ILCS 350/6) (from Ch. 121 1/2, par. 157.6) Sec. 6. Record of application. Every clerk who issues a license under this Act shall endorse upon each such application the date of its filing and shall preserve it, and the inventory attached to it, as a public record of his office…

(815 ILCS 705/6) (from Ch. 121 1/2, par. 1706) Sec. 6. Fraudulent practices. In connection with the offer or sale of any franchise made in this State, it is unlawful for any person, directly or indirectly, to: (a) employ any device, scheme, or artifice to defraud; (b) make any un…

(815 ILCS 710/6) (from Ch. 121 1/2, par. 756) Sec. 6. Warranty agreements; claims; approval; payment; written disapproval. (a) Every manufacturer, distributor, wholesaler, distributor branch or division, factory branch or division, or wholesale branch or division shall properly f…

(815 ILCS 720/6) (from Ch. 43, par. 306) Sec. 6. Transfer of business assets or stock. (1) No brewer shall unreasonably withhold or delay its approval of any assignment, sale or transfer of the stock of a wholesaler or all or any portion of a wholesaler's assets, wholesaler's vot…

(815 ILCS 10/6) Sec. 6. Effect of registration in beneficiary form and cancellation. The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or …

(815 ILCS 505/6.1) (from Ch. 121 1/2, par. 266.1) Sec. 6.1. In the administration of this Act, the Attorney General may accept an Assurance of Voluntary Compliance with respect to any method, act or practice deemed to be violative of the Act from any person who has engaged in, is…

(815 ILCS 325/6.5) Sec. 6.5. Recyclable Metal Theft Task Force. (a) The Recyclable Metal Theft Task Force is created within the Office of the Secretary of State. The Office of the Secretary of State shall provide administrative support for the Task Force. The Task Force shall con…

(815 ILCS 312/60) Sec. 60. Automobile safety recalls. (a) At the time a vehicle owner registers as a shared-vehicle owner on a car-sharing program and before the time the shared-vehicle owner makes a shared vehicle available for car sharing on the car-sharing program, the car-sha…

(815 ILCS 180/60) Sec. 60. Severability; no impairment of creditor's rights. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. This Act shall not impair any other remedies, rights, or options available to a creditor pursuant to any law, regul…

(815 ILCS 137/60) Sec. 60. Payments to contractors. No lender shall make a payment of any proceeds of a high risk home loan directly to a contractor under a home improvement contract other than: (1) by instrument payable to the borrower or payable jointly to the borrower and cont…

(815 ILCS 306/60) Sec. 60. Consumer disclosures; required signs. Every motor vehicle repair facility shall post in a prominent place on the business premises one or more signs, readily visible to customers, in the following form: YOUR CUSTOMER RIGHTS. UNLESS THE FACILITY PROVIDES…

(815 ILCS 308/60) Sec. 60. Removal of motor vehicle from facility. Upon reasonable notice and during the collision repair facility's business hours, a consumer may remove a motor vehicle from a collision repair facility upon paying for the following: (1) Labor actually performed.…

(815 ILCS 636/60) Sec. 60. Satisfaction of consumer lease. After the payment of all sums for which the lessee is obligated under a consumer lease and upon the lessee's written request, the holder shall mail to the lessee at the lessee's last known address documentation to indicat…

(815 ILCS 121/60) Sec. 60. Licensee name. No person, partnership, association, corporation, limited liability company, or other entity engaged in a business regulated by this Act shall operate the business under a name other than the real names of the entity and individuals condu…

(815 ILCS 620/601) (from Ch. 29, par. 601) Sec. 601. Maintenance of bond. Every invention developer rendering or offering to render invention development services in this State shall maintain a bond issued by a surety company admitted to do business in this State. The principal s…

(815 ILCS 620/602) (from Ch. 29, par. 602) Sec. 602. Cash deposit instead of bond. Instead of furnishing the bond required by Section 602 of this Act, the invention developer may deposit with the Secretary of State a cash deposit in the like amount. This cash deposit may be satis…

(815 ILCS 620/603) (from Ch. 29, par. 603) Sec. 603. Forfeiture of bond. The bond required by Section 601 of this Act shall be in favor of the State of Illinois for the benefit of any person who, after entering into a contract for invention development services with an invention …

(815 ILCS 636/65) Sec. 65. Renegotiations and extensions. (a) The disclosure requirements of Section 25 of this Act apply to the renegotiation of a consumer lease. A renegotiation does not constitute a transaction subject to warranty or other provisions that apply to the sale of …

(815 ILCS 137/65) Sec. 65. Negative amortization. No lender shall transfer, deal in, offer, or make a high risk home loan, other than a loan secured only by a reverse mortgage, with terms under which the outstanding balance will increase at any time over the course of the loan be…

(815 ILCS 180/65) Sec. 65. Coverage of Act. Substantial compliance with the provisions of this Act shall be mandatory for the placement of collateral protection insurance in this State by a creditor pursuant to a credit agreement entered into on or after July 1, 1997. No provisio…

(815 ILCS 308/65) Sec. 65. Lien barred. A collision repair facility that fails to comply with Section 15, 20, 25, 30, 35, 40, 45, 50, 55, or 60 is barred from asserting a possessory or chattel lien for the amount of the unauthorized parts or labor upon the motor vehicle or compon…

(815 ILCS 121/65) Sec. 65. License application process; investigation. (a) The Secretary may issue a license upon completion of all of the following: (1) the filing of an application for a license with the Secretary or the Nationwide Multistate Licensing System and Registry as re…

(815 ILCS 306/65) Sec. 65. Recordkeeping. Every motor vehicle repair facility shall maintain copies of estimates for contracted work and all invoices. The copies, which may be maintained in an electronic format, shall be kept for 2 years and shall be available for inspection by t…

(815 ILCS 205/6a) (from Ch. 17, par. 6414) Sec. 6a. Any person who violates any of the provisions of paragraph (i) of Section 4a relating to advertising shall be guilty of a Class A misdemeanor. (Source: P.A. 77-2532.)

(815 ILCS 325/7) (from Ch. 121 1/2, par. 327) Sec. 7. Inapplicability. This Act shall not apply in any municipality that provides for the registration of recyclable metal purchased by resolution, ordinance or regulation that substantially complies with the substantive provisions …

(815 ILCS 375/7) (from Ch. 121 1/2, par. 567) Sec. 7. Notwithstanding the provisions of any retail installment contract to the contrary, the buyer may prepay the contract in full, whether by payment in cash, extension, renewal or otherwise, at any time before maturity, and if he …

(815 ILCS 370/7) (from Ch. 5, par. 1707) Sec. 7. Administrative hearing and penalties. When an administrative hearing is held, the hearing officer, upon determination of a violation of this Act or rules, other than violation of subsection (b) of Section 7.1, shall: (a) Levy the f…

(815 ILCS 320/7) (from Ch. 121 1/2, par. 1407) Sec. 7. Any art dealer who violates Section 5 is liable to the artist in an amount equal to: (1) $50; and (2) The actual damages, if any, including the incidental and consequential damages, sustained by the artist by reason of the vi…

(815 ILCS 340/7) (from Ch. 5, par. 1557) Sec. 7. Any action brought under this Act shall be commenced within 6 months following (1) expiration of the express written warranty term, or (2) one year following the date of the original delivery of the farm implement to the consumer, …

(815 ILCS 333/7) Sec. 7. Legal recognition of electronic records, electronic signatures, and electronic contracts. (a) A record or signature may not be denied legal effect or enforceability solely because it is in electronic form. (b) A contract may not be denied legal effect or …

(815 ILCS 330/7) (from Ch. 147, par. 51) Sec. 7. Any person, firm or corporation violating any of the provisions of this act shall be deemed guilty of a petty offense and on conviction thereof shall for the first offense be punished by a fine of not less than twenty-five dollars …

(815 ILCS 360/7) (from Ch. 121 1/2, par. 877) Sec. 7. The provisions of this Act are hereby declared to be severable and if any Section or part of the Act is declared to be unconstitutional, such unconstitutionality shall not affect the validity of the remaining portions of the A…

(815 ILCS 105/7) (from Ch. 17, par. 605) Sec. 7. The rights of the lawful holders of promissory notes payable in money and the liability of all parties to or upon said notes shall be the same as that of like parties to inland bills of exchange according to the custom of merchants…

(815 ILCS 205/7) (from Ch. 17, par. 6415) Sec. 7. The defense of usury shall not be allowed in any suit, unless the person relying upon such defense shall set up the same by plea, or file in the cause a notice in writing, stating that he intends to defend against the contract sue…

(815 ILCS 5/7) (from Ch. 121 1/2, par. 137.7) Sec. 7. Registration of Investment Fund Shares. All investment fund shares except those set forth under Section 2a of this Act, or those exempt under Section 3 of this Act, or those offered or sold in transactions exempt under Section…

(815 ILCS 124/7) Sec. 7. Application form. (a) Application for a license shall be made in accordance with this Act and in accordance with requirements of the multistate licensing system, if required by the Secretary. The application shall be in writing, under oath, and on a form …

(815 ILCS 390/7) (from Ch. 21, par. 207) Sec. 7. The Comptroller may refuse to issue or may suspend or revoke a license on any of the following grounds: (a) The applicant or licensee has made any misrepresentations or false statements or concealed any material fact; (b) The appli…

(815 ILCS 10/7) Sec. 7. Ownership on death of owner. On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and c…

(815 ILCS 715/7) (from Ch. 5, par. 1507) Sec. 7. The provisions of this Act shall not require the repurchase from a retailer of: (1) Any repair part which has a limited storage life and is in a deteriorated condition; (2) Any repair part which is in a broken or damaged package; (…

(815 ILCS 350/7) (from Ch. 121 1/2, par. 157.7) Sec. 7. Sales as bankrupt, etc. It shall be unlawful for any person to advertise, or otherwise to represent, for sale, or to sell, any goods at a bankruptcy, executor's, administrator's, receiver's or trustee's sale, except pursuant…

(815 ILCS 710/7) (from Ch. 121 1/2, par. 757) Sec. 7. Unreasonable dealer or franchise restrictions. It shall be unlawful directly or indirectly to impose unreasonable restrictions on the motor vehicle dealer or franchisee relative to transfer, sale, right to renew, termination, …

(815 ILCS 720/7) (from Ch. 43, par. 307) Sec. 7. Reasonable compensation. (1) Subject to the right of any party to an agreement to pursue any remedy provided in Section 9, any brewer that cancels, terminates or fails to renew any agreement, or unlawfully denies approval of, or un…

(815 ILCS 705/7) (from Ch. 121 1/2, par. 1707) Sec. 7. Sale by franchisee and extension or renewal of existing franchise. There shall be exempted from the provisions of Sections 5, 10, 11, 13 and 15 of this Act the offer or sale of a franchise by a franchisee for its own account …

(815 ILCS 645/7) (from Ch. 29, par. 57) Sec. 7. Contract requirements: planned centers. Every contract for physical fitness services at a planned physical fitness center or a center under construction shall further provide that, in the event that the facilities and services contr…

(815 ILCS 440/7) (from Ch. 96 1/2, par. 7707) Sec. 7. No lubricating oil, regardless of its origin, or any product that is a blend of recycled oil and new oil shall be sold, offered for sale or delivered for use in an internal combustion engine unless such product is substantiall…

(815 ILCS 630/7) (from Ch. 121 1/2, par. 2007) Sec. 7. Every contract or receipt shall be made and numbered consecutively in original and duplicate, both to be signed by the job seeker and an agent or employee of the Service. The original shall be given to the job seeker and the …

(815 ILCS 345/7) (from Ch. 121 1/2, par. 367) Sec. 7. The following informational detail shall be required: a. The name of the artist and the year when printed. b. Whether the print is an etching, engraving, woodcut, lithograph, or whether the seller does not know. c. Exclusive o…

(815 ILCS 505/7) (from Ch. 121 1/2, par. 267) Sec. 7. Injunctive relief; restitution; and civil penalties. (a) Whenever the Attorney General or a State's Attorney has reason to believe that any person is using, has used, or is about to use any method, act or practice declared by …