Chapter 815, BUSINESS TRANSACTIONS

(815 ILCS 610/7) (from Ch. 29, par. 50-7) Sec. 7. Prohibited contract provisions. (a) (Blank). (b) No contract for dance studio services shall require payments or financing over a period in excess of one year from the date the contract is entered into, nor shall the term of any s…

(815 ILCS 605/7) (from Ch. 121 1/2, par. 2107) Sec. 7. (a) Each contract between the buyer and a credit services organization for the purchase of the services of the credit services organization shall be in writing, dated, signed by the buyer, and shall include: (1) a conspicuous…

(815 ILCS 518/7) Sec. 7. Exceptions. This Act does not apply to: (1) an individual who is considered an "employee" as defined in the Health Care Worker Background Check Act; or (2) an individual or service provider who is considered a "health care employer" as defined in the Heal…

(815 ILCS 510/7) (from Ch. 121 1/2, par. 317) Sec. 7. If any provision of this Act or the application thereof to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of the Act which can be given effect without the invalid p…

(815 ILCS 420/7) (from Ch. 121 1/2, par. 1857) Sec. 7. Violation of any of the provisions of this Act is an unlawful practice pursuant to Section 2Z of the Consumer Fraud and Deceptive Business Practices Act. All remedies, penalties and authority granted to the Attorney General b…

(815 ILCS 405/7) (from Ch. 121 1/2, par. 507) 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 395/7) (from Ch. 121 1/2, par. 144) Sec. 7. Any person, partnership, corporation, or association, or any officer, director, employee, or agent thereof who shall sell or offer or expose for sale in the state any article to which is applied any quality mark which does not…

(815 ILCS 385/7) (from Ch. 121 1/2, par. 349.7) Sec. 7. Sentence.) (a) Any optometrist who is convicted of a violation of this Act is guilty of a Business Offense and shall be fined not less than $5000, and in addition thereto shall be subject to a revocation of his license as su…

(815 ILCS 380/7) (from Ch. 121 1/2, par. 1207) Sec. 7. The seller who sells a new vehicle to a consumer, shall, upon delivery of that vehicle to the consumer, provide the consumer with a written statement clearly and conspicuously setting forth in full detail the consumer's right…

(815 ILCS 140/7.1) (from Ch. 17, par. 6010.1) Sec. 7.1. Certain credit card transaction form required. (a) Any person, firm, partnership, association or corporation which issues forms used for credit card transactions between the credit card holder and seller, shall only issue su…

(815 ILCS 370/7.1) Sec. 7.1. Fuel rating display standards; administrative penalty. (a) Every retailer of motor fuel must display the octane number or fuel rating of the fuel being dispensed on each motor fuel device that is dispensing a motor fuel product. The octane number or f…

(815 ILCS 140/7.2) Sec. 7.2. No credit card issuer shall issue, provide, assign or deliver in any way a credit card account to and in the name of any person under the age of 21 unless the person has submitted a written application and the credit card issuer has: (1) financial inf…

(815 ILCS 645/7.5) Sec. 7.5. Advertising and contract requirements for lifetime memberships. (a) As used in this Section, "lifetime membership" means a membership advertised or represented by a physical fitness center as a membership to that physical fitness center that lasts for…

(815 ILCS 137/70) Sec. 70. Negative equity. No lender shall transfer, deal in, offer, or make a high risk home loan where the loan amount exceeds the value of the property securing the loan. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 398/70) Sec. 70. The Pawnbroker Regulation Act is amended by repealing Section 15. (Source: P.A. 98-1096, eff. 1-1-15.)

(815 ILCS 636/70) Sec. 70. Preservation of claims and defenses. No lessor shall take or receive a consumer lease which fails to contain the following provision in at least 10-point, bold-faced type: "NOTICE ANY HOLDER OF THIS CONSUMER LEASE IS SUBJECT TO ALL CLAIMS AND DEFENSES W…

(815 ILCS 121/70) Sec. 70. License application form. (a) An application for a consumer legal funding company license must be made in accordance with Section 65 and, if applicable, in accordance with requirements of the Nationwide Multistate Licensing System and Registry. The appl…

(815 ILCS 308/70) Sec. 70. Unlawful acts or practices. Each of the following acts or practices is unlawful when committed by a motor vehicle collision repair facility: (1) Advertising in a false, deceptive, or misleading manner. (2) Charging a consumer for parts not delivered or …

(815 ILCS 306/70) Sec. 70. Removal of vehicle from facility. Upon reasonable notice and during the motor vehicle repair facility's business hours, a consumer may remove a vehicle from a motor vehicle repair facility upon paying for the following: (1) Labor actually performed. (2)…

(815 ILCS 620/701) (from Ch. 29, par. 701) Sec. 701. Maintenance of records. Every invention developer shall maintain all records and correspondence relating to performance of each invention development service contract for a period of not less than three years after expiration o…

(815 ILCS 620/702) (from Ch. 29, par. 702) Sec. 702. Reference to compliance with Act in advertising. No invention developer shall make, or authorize the making of, any reference to compliance by it with this Act in any advertisement. (Source: P.A. 81-542.)

(815 ILCS 620/703) (from Ch. 29, par. 703) Sec. 703. Severability clause. If any provision of this Act or the application thereof to any person or circumstances is held unconstitutional, the remainder of the Act and the application of such provision to other persons and circumsta…

(815 ILCS 620/704) (from Ch. 29, par. 704) Sec. 704. Application of Act and effective date. This Act shall not apply to any contract entered into prior to the effective date of the Act. This Act takes effect upon its becoming a law. (Source: P.A. 81-542.)

(815 ILCS 121/75) Sec. 75. License application; Nationwide Multistate Licensing System and Registry. (a) Applicants for a license shall apply in a form prescribed by the Secretary. Each form shall contain content as set forth by rule, regulation, instruction, or procedure of the …

(815 ILCS 636/75) Sec. 75. Enforcement. (1) The Attorney General or the State's Attorney of any county in this State may bring an action in the name of the State against a person to restrain and prevent any violation of this Act. In the enforcement of this Act, the Attorney Gener…

(815 ILCS 306/75) Sec. 75. Lien barred. A motor vehicle 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 co…

(815 ILCS 308/75) Sec. 75. Violations. Whenever an automotive collision repair facility is knowingly engaged in or has knowingly engaged in a persistent practice or pattern of conduct at a single location that violates this Act, that, knowingly, persistent practice or pattern of …

(815 ILCS 5/7a) (from Ch. 121 1/2, par. 137.7a) Sec. 7a. (a) Except as provided in subsection (b) of this Section, no securities, issued by an issuer engaged in or deriving revenues from the conduct of any business or profession, the conduct of which would violate Section 11-14, …

(815 ILCS 385/8) (from Ch. 121 1/2, par. 349.8) Sec. 8. Enforcement. The duty to institute actions for violations of this Act, including proceedings to restrain and enjoin such violations, is hereby vested in the Attorney General. The Attorney General may prosecute business offen…

(815 ILCS 380/8) (from Ch. 121 1/2, par. 1208) Sec. 8. This Act shall apply to motor vehicles beginning with the model year following the effective date of this Act. (Source: P.A. 83-768.)

(815 ILCS 340/8) (from Ch. 5, par. 1558) Sec. 8. Any claim by a consumer which is found by the court to have been filed in bad faith or solely for the purpose of harassment, or in complete absence of a justifiable issue of either law or fact raised by the consumer, shall result i…

(815 ILCS 705/8) (from Ch. 121 1/2, par. 1708) Sec. 8. Exemptions. (a) There shall be exempted, from the registration requirements of Section 10 of this Act, the offer and sale of a franchise if: (1) the franchisor has a net worth on a consolidated basis, according to its most re…

(815 ILCS 710/8) (from Ch. 121 1/2, par. 758) Sec. 8. Agreements applicable. The provisions of this Act shall apply to all written or oral agreements between a manufacturer, wholesaler or distributor with a motor vehicle dealer including, but not limited to, the franchise offerin…

(815 ILCS 395/8) (from Ch. 121 1/2, par. 145) Sec. 8. In any action relating to the enforcement of any provision of this Act a certificate duly issued by an assay office of the Treasury Department of the United States certifying the weight of any article, or any part thereof, or …

(815 ILCS 140/8) (from Ch. 17, par. 6011) Sec. 8. The Attorney General of this State may bring an action in the name of the State against any person to restrain and prevent any violation of this Act and to enforce and collect any penalty provided hereunder. In the enforcement of …

(815 ILCS 405/8) (from Ch. 121 1/2, par. 508) Sec. 8. (a) A seller under a retail installment contract or retail charge agreement may require insurance against substantial risk of loss of or damage to the goods protecting the seller or holder, as well as the buyer, and may, if th…

(815 ILCS 375/8) (from Ch. 121 1/2, par. 568) Sec. 8. (a) A seller under a retail installment contract may require insurance against substantial risk of loss of or damage to the motor vehicle, protecting the seller or holder as well as the buyer, and may, if the buyer elects, inc…

(815 ILCS 5/8) (from Ch. 121 1/2, par. 137.8) Sec. 8. Registration of dealers, limited Canadian dealers, Internet portals, salespersons, investment advisers, and investment adviser representatives. A. Except as otherwise provided in this subsection A, every dealer, limited Canadi…

(815 ILCS 124/8) Sec. 8. License application and issuance. (a) Applicants for a license shall apply in a form prescribed by the Secretary. The form may be changed or updated by the Secretary to carry out the purposes of this Act. (b) In order to fulfill the purposes of this Act, …

(815 ILCS 610/8) (from Ch. 29, par. 50-8) Sec. 8. General provisions. (a) All contracts for dance studio services which may be in effect between the same studio and the same customer, the terms of which overlap for any period, shall be considered as one contract for the purposes …

(815 ILCS 10/8) Sec. 8. Protection of registering entity. (a) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registr…

(815 ILCS 440/8) (from Ch. 96 1/2, par. 7708) Sec. 8. The Department shall, in conjunction with appropriate government departments and agencies, institutions, and industry groups conduct public information and educational programs designed to inform the public of the efforts of t…

(815 ILCS 505/8) (from Ch. 121 1/2, par. 268) Sec. 8. When a receiver is appointed by the court pursuant to this Act, he shall have the power to sue for, collect, receive and take into his possession all the goods and chattels, rights and credits, moneys and effects, lands and te…

(815 ILCS 645/8) (from Ch. 29, par. 58) Sec. 8. Prohibited contract provisions. (a) (Blank). (b) (Blank). (c) The initial term of services to be rendered under the contract may not extend over a period of more than one year from the date the parties enter into the contract; provi…

(815 ILCS 205/8) (from Ch. 17, par. 6416) Sec. 8. When any written contract, wherever payable, shall be made in this State, or between citizens or corporations of this State, or a citizen or a corporation of this State and a citizen or corporation of any other State, territory or…

(815 ILCS 333/8) Sec. 8. Provision of information in writing; presentation of records. (a) If parties have agreed to conduct a transaction by electronic means and a law requires a person to provide, send, or deliver information in writing to another person, the requirement is sat…

(815 ILCS 325/8) (from Ch. 121 1/2, par. 328) Sec. 8. Penalty. Any recyclable metal dealer or other person who knowingly fails to comply with this Act is guilty of a Class A misdemeanor for the first offense, and a Class 4 felony for the second or subsequent offense. Each day tha…

(815 ILCS 345/8) (from Ch. 121 1/2, par. 368) Sec. 8. a. A person who offers or sells a fine print in violation of this Act shall be liable to the person purchasing such fine print from him. The purchaser may sue to recover the consideration paid for such print, with interest at …

(815 ILCS 720/8) (from Ch. 43, par. 308) Sec. 8. Right of free association. No brewer or wholesaler shall restrict or inhibit, directly or indirectly, the right of free association among brewers or wholesalers for any lawful purpose. (Source: P.A. 82-946.)

(815 ILCS 715/8) (from Ch. 5, par. 1508) Sec. 8. If any wholesaler, manufacturer or distributor shall fail or refuse to repurchase any inventory as required by Section 4 of this Act, he shall be civilly liable for 100% of the current net price of the inventory, plus any freight c…