Chapter 815, BUSINESS TRANSACTIONS

(815 ILCS 395/11) (from Ch. 121 1/2, par. 148) Sec. 11. Section 229 a of Division I of "An Act to revise the law in relation to criminal jurisprudence," approved March 27, 1874, as amended, is repealed. (Source: Laws 1927, p. 783.)

(815 ILCS 105/11) (from Ch. 17, par. 612) Sec. 11. If any such note, bond, bill or other instrument in writing shall be indorsed after the same becomes due, and any indorsee shall institute an action thereon against the maker of the same, the defendant being maker shall be allowe…

(815 ILCS 350/11) (from Ch. 121 1/2, par. 157.11) Sec. 11. Violation-Sentence. Any person, including both the applicant and an individual filing on behalf of an applicant, who shall procure from such clerk a license to conduct a sale under the description of one of the names set …

(815 ILCS 645/11) (from Ch. 29, par. 60.1) Sec. 11. Enforcement by customer. Any customer injured by a violation of this Act may bring an action for the recovery of damages. Judgment may be entered for 3 times the amount at which the actual damages are assessed, plus costs and re…

(815 ILCS 610/11) (from Ch. 29, par. 50-11) Sec. 11. Enforcement by Attorney General. All remedies, penalties and authority granted to the Attorney General by the "Consumer Fraud and Deceptive Business Practices Act", approved July 24, 1961, as now or hereafter amended, shall be …

(815 ILCS 630/11) (from Ch. 121 1/2, par. 2011) Sec. 11. Nothing in this Act shall affect the validity of any license previously issued to any person as a private employment agency pursuant to "An Act to revise the law in relation to private employment agencies and to repeal an A…

(815 ILCS 710/11) (from Ch. 121 1/2, par. 761) Sec. 11. Refunds; discounts. In connection with a sale of a motor vehicle or vehicles to the State or to any political subdivision thereof, no manufacturer, distributor or wholesaler shall offer any discounts, refunds or any other si…

(815 ILCS 124/11) Sec. 11. Fees. (a) The expenses of administering this Act, including licensing, investigations, and examinations provided for in this Act, shall be borne by and assessed against persons and entities regulated by this Act in the proportions and in the manner as t…

(815 ILCS 5/11) (from Ch. 121 1/2, par. 137.11) Sec. 11. Duties and powers of the Secretary of State. A. (1) The administration of this Act is vested in the Secretary of State, who may from time to time make, amend and rescind such rules and regulations as may be necessary to car…

(815 ILCS 715/11) (from Ch. 5, par. 1511) Sec. 11. The provisions of this Act shall apply to all contracts now in effect which have no expiration date and are continuing contracts, and all other contracts entered into or renewed after the effective date of this Act. Any contract …

(815 ILCS 375/11.1) (from Ch. 121 1/2, par. 571.1) Sec. 11.1. (a) A seller in a retail installment contract may add a "documentary fee" for processing documents and performing services related to closing of a sale. The maximum amount that may be charged by a seller for a document…

(815 ILCS 405/11.1) Sec. 11.1. Disclosure of consideration paid to seller. Consideration or another thing of value may be paid to or retained by the seller or holder or an affiliate of the seller or holder in connection with any insurance, debt cancellation contract, or other suc…

(815 ILCS 375/11.2) Sec. 11.2. Final installment. Fifteen days after the final installment is due as originally scheduled or deferred, the holder may compute and charge interest on any balance remaining unpaid, including unpaid default or deferment charges, at the annual percenta…

(815 ILCS 5/11.5) Sec. 11.5. Securities exchange registration. (a) A person shall not operate a securities exchange in this State unless it has been registered with the Secretary of State. (b) The Secretary of State shall adopt rules or regulations necessary to carry out the prov…

(815 ILCS 137/110) Sec. 110. Mortgage Awareness Program. (a) The Mortgage Awareness Program is a counseling and educational component that must be provided by the Director and the Commissioner. (b) The core curriculum of the Mortgage Awareness Program shall include all of the fol…

(815 ILCS 121/110) Sec. 110. Financial Institution Fund. All moneys received by the Secretary under this Act in conjunction with the provisions relating to consumer legal funding companies shall be paid into the Financial Institution Fund and all expenses incurred by the Secretar…

(815 ILCS 137/115) Sec. 115. Report of default and foreclosure rates on conventional loans. (a) On or before October 1 and April 1 of each year, each servicer of Illinois residential mortgage loans shall report to the Commissioner or the Director the default and foreclosure data …

(815 ILCS 121/115) Sec. 115. Examination; prohibited activities. (a) The business affairs of a licensee under this Act shall be examined for compliance with this Act as often as the Secretary deems necessary and proper. The Department may adopt rules with respect to the frequency…

(815 ILCS 5/11a) (from Ch. 121 1/2, par. 137.11a) Sec. 11a. Fees. (1) The Secretary of State shall by rule or regulation impose and shall collect reasonable fees necessary for the administration of this Act including, but not limited to, fees for the following purposes: (a) filin…

(815 ILCS 505/11a) (from Ch. 121 1/2, par. 271a) Sec. 11a. This Act shall be liberally construed to effect the purposes thereof. (Source: P.A. 78-904.)

(815 ILCS 5/11b) (from Ch. 121 1/2, par. 137.11b) Sec. 11b. Special funds. All moneys received by the State of Illinois in furtherance of activities, duties, and responsibilities under the Illinois Securities Law of 1953 from government or non-governmental sources, except funds r…

(815 ILCS 5/11c) (from Ch. 121 1/2, par. 137.11c) Sec. 11c. Securities Audit and Enforcement Fund. (a) All moneys received by the Secretary of State as a Securities Audit and Enforcement Fund fee or pursuant to Section 981, 982, or 1963 of Title 18 of the United States Code shall…

(815 ILCS 375/12) (from Ch. 121 1/2, par. 572) Sec. 12. No provision in a retail installment contract under which, in the absence of the buyer's default, the holder may, arbitrarily and without reasonable cause, accelerate the maturity of any part or all of the amount owing there…

(815 ILCS 350/12) (from Ch. 121 1/2, par. 157.12) Sec. 12. Partial invalidity. If any section, subsection, sentence, clause or portion of this Act is held invalid or unconstitutional by any court of competent jurisdiction for any reason, such portion of this Act shall be deemed a…

(815 ILCS 405/12) (from Ch. 121 1/2, par. 512) Sec. 12. Delinquency charges. A retail installment contract or a retail charge agreement may provide for a delinquency and collection charge, on each installment in default for a period of not less than 10 days, in an amount not exce…

(815 ILCS 605/12) (from Ch. 121 1/2, par. 2112) Sec. 12. A. The Attorney General, the State's Attorney of any county, or a buyer may bring an action in a circuit court to enjoin a violation of this Act. In addition to any injunction, the Attorney General or any State's Attorney o…

(815 ILCS 630/12) (from Ch. 121 1/2, par. 2012) Sec. 12. Violation of any of the provisions of this Act is an unlawful practice pursuant to Section 2 of the Deceptive Business Practices Act, as now or hereafter amended. All remedies, penalties and authority granted to the Attorne…

(815 ILCS 10/12) Sec. 12. Application of Act. This Act applies to registrations of securities in beneficiary form made before, on, or after the effective date of this Act, by decedents dying on or after the effective date. (Source: P.A. 88-577, eff. 1-1-95.)

(815 ILCS 105/12) (from Ch. 17, par. 613) Sec. 12. In any action upon a note, bond, bill, or other instrument in writing, which has been assigned to or transferred by delivery to the plaintiff after it became due, a set-off to the amount of the plaintiff's debt may be made of a d…

(815 ILCS 5/12) (from Ch. 121 1/2, par. 137.12) Sec. 12. Violation. It shall be a violation of the provisions of this Act for any person: A. To offer or sell any security except in accordance with the provisions of this Act. B. To deliver to a purchaser any security required to b…

(815 ILCS 530/12) Sec. 12. Notice of breach; State agency. (a) Any State agency that collects personal information concerning an Illinois resident shall notify the resident at no charge that there has been a breach of the security of the system data or written material following …

(815 ILCS 333/12) Sec. 12. Retention of electronic records; originals. (a) If a law requires that a record be retained, the requirement is satisfied by retaining an electronic record of the information in the record which: (1) accurately reflects the information set forth in the …

(815 ILCS 645/12) (from Ch. 29, par. 60.2) Sec. 12. Enforcement by Attorney General. All remedies, penalties and authority granted to the Attorney General by the "Consumer Fraud and Deceptive Business Practices Act", approved July 24, 1961, as now or hereafter amended, shall be a…

(815 ILCS 505/12) (from Ch. 121 1/2, par. 272) Sec. 12. This Act shall be known and may be cited as the "Consumer Fraud and Deceptive Business Practices Act". (Source: P.A. 78-904.)

(815 ILCS 124/12) Sec. 12. Functions; powers; duties. The functions, powers, and duties of the Secretary shall include, but shall not be limited to: (a) to issue or refuse to issue any license or renewal; (b) to impose fines, revoke, or suspend for cause any license issued under …

(815 ILCS 610/12) (from Ch. 29, par. 50-12) Sec. 12. Bonding requirements. Every dance studio which requires or receives advance payment from any customer in excess of $50 or more frequently than once each month shall maintain a bond for the benefit of any person who has entered …

(815 ILCS 390/12) (from Ch. 21, par. 212) Sec. 12. License revocation or suspension. (a) The Comptroller may, upon determination that grounds exist for the revocation or suspension of a license issued under this Act, revoke or suspend, if appropriate, the license issued to a lice…

(815 ILCS 710/12) (from Ch. 121 1/2, par. 762) Sec. 12. Arbitration; administrative proceedings; civil actions; determining good cause. (a) The franchiser and franchisee may agree to submit a dispute involving Section 4, 5, 6, 7, 9, 10.1, or 11 to arbitration. Any such proceeding…

(815 ILCS 705/12) (from Ch. 121 1/2, par. 1712) Sec. 12. Period of effectiveness. The registration of a franchise and the disclosure statement used in connection therewith shall continue to be effective unless the Administrator issues an order suspending, terminating, prohibiting…

(815 ILCS 357/12) Sec. 12. Exemptions. The prohibitions under Section 10 shall not apply: (1) When the animal part or product is part of a bona fide antique, if: (A) the animal part or product is less than 20% by volume of the antique; (B) the animal part or product is a fixed co…

(815 ILCS 405/12.1) Sec. 12.1. Final installment. Fifteen days after the final installment is due as originally scheduled or deferred, the holder may compute and charge interest on any balance remaining unpaid, including unpaid default or deferment charges, at the annual percenta…

(815 ILCS 137/120) Sec. 120. Review and analysis. (a) The Commissioner or Director shall review and analyze the default and foreclosure rate data reports submitted under Section 115. (b) The reports and their analyses may be used for the following purposes: (1) In setting the sco…

(815 ILCS 121/120) Sec. 120. Judicial review. All final administrative decisions of the Department under this Act, all amendments and modifications of final administrative decisions, and any rules adopted by the Department pursuant to this Act shall be subject to judicial review …

(815 ILCS 137/125) Sec. 125. Third party review of high risk home loans. (a) In the case of any high risk home loan, the borrower shall be afforded the opportunity to seek independent review by the Office or the Department of the loan terms, in order to determine affordability of…

(815 ILCS 121/125) Sec. 125. Subpoena power. (a) The Secretary shall have the power to issue and to serve subpoenas and subpoenas duces tecum to compel the attendance of witnesses and the production of all books, accounts, records, and other documents and materials relevant to an…

(815 ILCS 375/13) (from Ch. 121 1/2, par. 573) Sec. 13. The seller shall deliver to the buyer a copy of the retail installment contract signed by the seller. Any acknowledgment by the buyer of delivery of a copy of the contract must be printed or written in a size equal to at lea…

(815 ILCS 405/13) (from Ch. 121 1/2, par. 513) Sec. 13. No provision in a retail installment contract under which, in the absence of the buyer's default, the holder may, arbitrarily and without reasonable cause, accelerate the maturity of any part of or all of the amount owing th…

(815 ILCS 605/13) (from Ch. 121 1/2, par. 2113) Sec. 13. Any person, as defined under this Act, violating any provision of this Act except breach of contract, upon conviction for the first offense, is guilty of a Class A misdemeanor. Upon conviction of a second or subsequent offe…

(815 ILCS 333/13) Sec. 13. Admissibility in evidence. In a proceeding, evidence of a record or signature may not be excluded solely because it is in electronic form. (Source: P.A. 102-38, eff. 6-25-21.)

(815 ILCS 105/13) (from Ch. 17, par. 614) Sec. 13. If any such note, bond, bill, or other instrument of writing, shall be assigned before the day the money or property therein mentioned becomes due and payable, and the assignee shall institute an action thereon, the defendant may…