Chapter 815, BUSINESS TRANSACTIONS

(815 ILCS 123/15-90-20) Sec. 15-90-20. (Amendatory provisions; text omitted). (Source: P.A. 101-658, eff. 3-23-21; text omitted.)

(815 ILCS 123/15-90-25) Sec. 15-90-25. (Amendatory provisions; text omitted). (Source: P.A. 101-658, eff. 3-23-21; text omitted.)

(815 ILCS 123/15-90-30) Sec. 15-90-30. (Amendatory provisions; text omitted). (Source: P.A. 101-658, eff. 3-23-21; text omitted.)

(815 ILCS 123/15-90-35) Sec. 15-90-35. (Amendatory provisions; text omitted). (Source: P.A. 101-658, eff. 3-23-21; text omitted.)

(815 ILCS 123/15-90-40) Sec. 15-90-40. (Amendatory provisions; text omitted). (Source: P.A. 101-658, eff. 3-23-21; text omitted.)

(815 ILCS 123/15-90-5) Sec. 15-90-5. (Amendatory provisions; text omitted). (Source: P.A. 101-658, eff. 3-23-21; text omitted.)

(815 ILCS 513/15.1) Sec. 15.1. Notice of contractual provisions. (a) A person engaged in the business of home repair and remodeling, that prepares or presents a written offer for home repair and remodeling to a consumer, shall advise the consumer, before the contract or agreement…

(815 ILCS 137/150) Sec. 150. Preemption of administrative rules. Any relevant administrative rule promulgated before the effective date of this Act by the Department or the Office is preempted. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 121/150) Sec. 150. Confidential information. In hearings conducted under this Act, information presented into evidence that was acquired by the licensee when serving any individual in connection with a consumer legal funding, including all financial information of the i…

(815 ILCS 137/153) Sec. 153. Reporting of violations. The Office and the Department must report to the Attorney General all violations of this Act of which they become aware. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 137/155) Sec. 155. Rulemaking. The Office and the Department may adopt reasonable rules to implement and administer this Act. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 121/155) Sec. 155. Information sharing. In order to promote more effective regulation and reduce regulatory burden through supervisory information sharing: (1) Except as otherwise provided in any federal law or State law regarding the privacy or confidentiality of any i…

(815 ILCS 5/15a) (from Ch. 121 1/2, par. 137.15a) Sec. 15a. Issuance of Non-Binding Statements. The Secretary of State, or any person designated by him or her, may issue a statement concerning the applicability of the Act or the rules and regulations thereunder to any transaction…

(815 ILCS 405/16) (from Ch. 121 1/2, par. 516) Sec. 16. The seller or holder of a retail installment contract must give the buyer a written receipt for any payment made in cash. Upon the buyer's written request, the holder of a retail installment contract shall give or forward to…

(815 ILCS 5/16) (from Ch. 121 1/2, par. 137.16) Sec. 16. Saving clauses. Notwithstanding any repeal provisions of this Act, the provisions of the Act entitled "An Act relating to the sale or other disposition of securities and providing penalties for the violation thereof and to …

(815 ILCS 105/16) (from Ch. 17, par. 617) Sec. 16. In all computations of time, and of interest and discounts, a month shall be considered to mean a calendar month, and a year shall consist of twelve calendar months; and in computations of interest or discounts for any number of …

(815 ILCS 333/16) Sec. 16. Transferable records. (a) In this Section, "transferable record" means an electronic record that: (1) would be a note under Article 3 of the Uniform Commercial Code or a document under Article 7 of the Uniform Commercial Code if the electronic record we…

(815 ILCS 390/16) (from Ch. 21, par. 216) Sec. 16. Trust funds; disbursements. (a) A trustee shall make no disbursements from the trust fund except as provided in this Act. (b) A trustee has a duty to invest and manage the trust assets pursuant to the Illinois Prudent Investor La…

(815 ILCS 705/16) (from Ch. 121 1/2, par. 1716) Sec. 16. Form and contents of disclosure statements. The disclosure statement required under this Act shall be prepared in accordance with the Federal Trade Commission rule entitled Disclosure Requirements and Prohibitions Concernin…

(815 ILCS 124/16) Sec. 16. Reports required of licensee. Every licensee shall produce to the Department written reports or answers to questions in the time and manner requested by the Secretary. (Source: P.A. 104-475, eff. 6-25-26.)

(815 ILCS 710/16) Sec. 16. Motor Vehicle Review Board; Appointment. The Secretary of State shall, within 6 months of the effective date of this Act, establish a Motor Vehicle Review Board. The Motor Vehicle Review Board shall be composed of 7 members appointed by the Secretary of…

(815 ILCS 605/16) (from Ch. 121 1/2, par. 2116) Sec. 16. This Act shall be liberally construed to effect the purposes thereof. (Source: P.A. 85-1384.)

(815 ILCS 375/16) (from Ch. 121 1/2, par. 576) Sec. 16. An agreement by a buyer that he will not assert against the assignee or the holder of a retail installment contract executed by the buyer any claim or defense which he may have against the seller and the rights of a holder i…

(815 ILCS 390/16.5) Sec. 16.5. Licensee bankruptcy. In the event of a licensee's bankruptcy, insolvency, or assignment for the benefit of creditors, or in the event of the bankruptcy, insolvency, or assignment for the benefit of creditors of any person, partnership, association, …

(815 ILCS 137/160) Sec. 160. Judicial review. All final administrative decisions under this Act are subject to judicial review pursuant to the provisions of the Administrative Review Law and any rules adopted pursuant thereto. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 121/160) Sec. 160. Reports of violations. Any person licensed under this Act or any other person may report to the Secretary any information to show that a person subject to this Act is or may be in violation of this Act. A person who files a report with the Department …

(815 ILCS 137/165) Sec. 165. Waiver prohibited. There shall be no waiver of any provision of this Act, except as explicitly provided in subsection (h) of Section 110. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 121/165) Sec. 165. Rules of the Department. (a) In addition to such powers as may be prescribed by this Act, the Department is hereby authorized and empowered to adopt rules consistent with the purposes of this Act, including, but not limited to: (1) rules in connection…

(815 ILCS 405/17) (from Ch. 121 1/2, par. 517) Sec. 17. An agreement by a buyer that he will not assert against the assignee or the holder of a retail installment contract executed by the buyer any claim or defense which he may have against the seller and the rights of a holder i…

(815 ILCS 705/17) (from Ch. 121 1/2, par. 1717) Sec. 17. Participation in trade associations. It shall be an unfair franchise practice and a violation of this Act for a franchisor to in any way restrict any franchisee from joining or participating in any trade association. (Sourc…

(815 ILCS 390/17) (from Ch. 21, par. 217) Sec. 17. The principal and undistributed income of the trust created pursuant to Section 15 of this Act shall be paid to the seller if: (1) the seller certifies by sworn affidavit to the trustee that the purchaser or the beneficiary named…

(815 ILCS 5/17) (from Ch. 121 1/2, par. 137.17) Sec. 17. Separability of provisions. If any provision or provisions of this Act shall be held invalid, the remainder of this Act shall not be affected thereby. (Source: Laws 1953, p. 1329.)

(815 ILCS 124/17) Sec. 17. Suspension; revocation of licenses; fines and other discipline. (a) The Secretary may enter an order imposing one or more of the following penalties: (1) revocation of license; (2) suspension of a license subject to reinstatement upon satisfying all rea…

(815 ILCS 710/17) Sec. 17. Board; organization and meetings. The Board shall adopt regulations for the holding and conducting of hearings concerning all matters within its powers, shall keep a record of all meetings and transactions, and shall make other provisions for the conduc…

(815 ILCS 333/17) Sec. 17. Creation and retention of electronic records and conversion of written records by governmental agencies. Each governmental agency of this State shall determine whether, and the extent to which, it will create and retain electronic records and convert wr…

(815 ILCS 375/17) (from Ch. 121 1/2, par. 577) Sec. 17. All defenses available against a holder in due course of a negotiable instrument under subsection (2) of Section 3-305 of the Uniform Commercial Code are available to a buyer under a retail installment contract notwithstandi…

(815 ILCS 375/17.1) Sec. 17.1. Seller may not keep keys. For contracts entered into after January 1, 1998, unless otherwise provided for in the retail installment sales contract, a seller or holder cannot take or retain possession of the keys (or copy thereof) to a motor vehicle …

(815 ILCS 137/170) Sec. 170. Superiority of Act. To the extent this Act conflicts with any other Illinois State financial regulation laws, except the Interest Act, this Act is superior and supersedes those laws for the purposes of regulating high risk home loans in Illinois. (Sou…

(815 ILCS 121/170) Sec. 170. Appeal and review. (a) The Department may, in accordance with the Illinois Administrative Procedure Act, adopt rules to provide for review within the Department of the Secretary's decisions affecting the rights of persons or entities under this Act. T…

(815 ILCS 121/175) Sec. 175. Collection of compensation. Unless exempt from licensure under this Act, no person engaged in or offering to engage in any act or service for which a license under this Act is required may bring or maintain any action in any court of this State to col…

(815 ILCS 137/175) Sec. 175. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 93-561, eff. 1-1-04.)

(815 ILCS 5/18) (from Ch. 121 1/2, par. 137.18) Sec. 18. Repeal. All the provisions of the Act entitled "An Act relating to the sale or other disposition of securities and providing penalties for the violation thereof and to repeal Acts in conflict therewith," approved June 10, 1…

(815 ILCS 405/18) (from Ch. 121 1/2, par. 518) Sec. 18. All defenses available against a holder in due course of a negotiable instrument under subsection (2) of Section 3-305 of the Uniform Commercial Code are available to a buyer under a retail installment contract notwithstandi…

(815 ILCS 705/18) (from Ch. 121 1/2, par. 1718) Sec. 18. Discrimination. It shall be an unfair franchise practice and a violation of this Act for any franchisor to unreasonably and materially discriminate between franchisees operating a franchised business located in this State i…

(815 ILCS 124/18) Sec. 18. Investigation of complaints. The Secretary may investigate any complaints and inquiries made concerning this Act and any licensees or persons the Secretary believes may require a license under this Act. Each licensee or person the Secretary believes may…

(815 ILCS 513/18) Sec. 18. Repairs following damaging weather. (a) As used in this Section, "catastrophe" means a natural occurrence, including but not limited to flood, drought, earthquake, tornado, windstorm, or hailstorm, which damages or destroys more than one residence. (b) …

(815 ILCS 390/18) (from Ch. 21, par. 218) Sec. 18. (a) If for any reason a seller who has engaged in pre-need sales has refused, cannot or does not comply with the terms of the pre-need sales contract within a reasonable time after he is required to do so, the purchaser or his he…

(815 ILCS 375/18) (from Ch. 121 1/2, par. 578) Sec. 18. Each person, other than a seller or holder, who signs a retail installment contract may be held liable only to the extent that he actually receives the motor vehicle described or identified in the contract, except that a par…

(815 ILCS 710/18) Sec. 18. Board; powers. The Board shall have the following powers: (a) To conduct hearings, by or through its duly authorized administrative hearing officer, on protests filed under Sections 4, 5, 6, 7, 9, 10.1, 11, and 12 of this Act. (b) To make reasonable reg…

(815 ILCS 333/18) Sec. 18. Acceptance and distribution of electronic records by governmental agencies. (a) Except as otherwise provided in Section 12(f), each governmental agency of this State shall determine whether, and the extent to which, it will send and accept electronic re…