Chapter 815, BUSINESS TRANSACTIONS

(815 ILCS 370/2) (from Ch. 5, par. 1702) Sec. 2. It is hereby declared to be the policy of this State that the regulation of the quality of motor fuel and petroleum is in the public interest and that the promulgation of standards of quality will benefit the citizens of the State …

(815 ILCS 705/2) (from Ch. 121 1/2, par. 1702) Sec. 2. Findings and purpose. (1) The General Assembly finds and declares that the sale of franchises is a widespread business activity. Illinois residents have suffered substantial losses where franchisors or their representatives h…

(815 ILCS 505/2) (from Ch. 121 1/2, par. 262) Sec. 2. Unfair methods of competition and unfair or deceptive acts or practices, including but not limited to the use or employment of any deception fraud, false pretense, false promise, misrepresentation or the concealment, suppressi…

(815 ILCS 350/2) (from Ch. 121 1/2, par. 157.2) Sec. 2. Definitions. In this Act, unless the context or subject matter otherwise requires: A "going out of business sale" means any sale, whether described by such name or by any other name (such as, but not limited to, "closing out…

(815 ILCS 710/2) (from Ch. 121 1/2, par. 752) Sec. 2. Definitions. As used in this Act, the following words shall, unless the context otherwise requires, have the following meanings: (a) "Motor vehicle", any motor driven vehicle required to be registered under "The Illinois Vehic…

(815 ILCS 365/2) (from Ch. 121 1/2, par. 1502) Sec. 2. Assistance at stations with self-service and full-service islands. (a) Any attendant on duty at a gasoline station or service station offering to the public retail sales of motor fuel at both self-service and full-service isl…

(815 ILCS 645/2) (from Ch. 29, par. 52) Sec. 2. Definitions. In this Act: (a) "Physical fitness center" or "center" means any person or business entity offering physical fitness services to the public. (b) "Physical fitness services" or "services" includes instruction, training o…

(815 ILCS 325/2) (from Ch. 121 1/2, par. 322) (Text of Section before amendment by P.A. 104-689) Sec. 2. Definitions. When used in this Act: "Catalytic converter" means a post-combustion device that oxidizes hydrocarbons and carbon monoxide gases or reduces oxides of nitrogen and…

(815 ILCS 150/2) (from Ch. 17, par. 6202) Sec. 2. As used in this Act, the following words have the meaning ascribed to them in this Section: "Financial institution" means any bank, insurance company, credit union, savings and loan association, investment trust or other depositor…

(815 ILCS 435/2) (from Ch. 96 1/2, par. 5802) Sec. 2. Any person dealing in previously used or previously used and reclaimed, re-refined, recleaned, or reconditioned lubricating oils, lubricants or mixtures of lubricants without having each and every container or item of equipmen…

(815 ILCS 205/2) (from Ch. 17, par. 6402) Sec. 2. Creditors shall be allowed to receive at the rate of five (5) per centum per annum for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing; on money lent or advanced for the use of a…

(815 ILCS 425/2) (from Ch. 121 1/2, par. 1302) Sec. 2. Whenever any association or union of workers has adopted or shall hereafter adopt for its protection any label, trade-mark, or form of advertisement, announcing that goods to which such label, trade-mark or form of advertisem…

(815 ILCS 423/2) (was 720 ILCS 385/2) Sec. 2. Any person, firm or corporation violating the provisions of this act shall be deemed guilty of a business offense and upon conviction thereof shall be punished for the first offense by a fine of not less than one hundred dollars nor m…

(815 ILCS 302/2) (was 720 ILCS 220/2) Sec. 2. No person shall sell, attempt to sell or offer to sell, by retail, wholesale or auction, any household appliance other than a new appliance unless there is affixed thereto a tag or label no smaller in size than 4 inches in length and …

(815 ILCS 420/2) (from Ch. 121 1/2, par. 1852) Sec. 2. Definitions. In this Act: (a) "Travel promoter" means a person, including a tour operator, who sells, provides, furnishes, contracts for, arranges or advertises that he or she will arrange wholesale or retail transportation b…

(815 ILCS 390/2) (from Ch. 21, par. 202) Sec. 2. This Act applies to all persons, except religious, municipal, State and federal cemeteries, that offer for sale or sell cemetery merchandise, cemetery services, or undeveloped interment, entombment or inurnment spaces on a pre-need…

(815 ILCS 630/2) (from Ch. 121 1/2, par. 2002) Sec. 2. Definitions. In this Act: (a) "Employer" means a person seeking to obtain employees to perform services, tasks, or labor for which a salary, wage, or other compensation or benefits are to be paid. (b) "Job listing service", "…

(815 ILCS 407/2) (was 720 ILCS 345/2) Sec. 2. Any person violating the provisions of section 1 of this act shall, upon conviction, be guilty of a petty offense. (Source: P.A. 77-2352.)

(815 ILCS 115/2) (from Ch. 17, par. 606) Sec. 2. Persons severally liable upon bills of exchange or promissory notes, payable in money, may all or any of them severally be included in the same suit at the option of the plaintiff, and judgment rendered in said suit shall be withou…

(815 ILCS 415/2) (from Ch. 114, par. 106) Sec. 2. That it shall not be lawful for any person not possessed of such authority, so evidenced, to sell, barter, or transfer, for any consideration whatever, the whole or any part of any ticket or tickets, passes, or other evidences of …

(815 ILCS 414/2) (was 720 ILCS 375/2) Sec. 2. (a) Whoever violates any of the provisions of Section 1.5 of this Act shall be guilty of a Class A misdemeanor and may be fined up to $5,000.00 for each offense and whoever violates any other provision of this Act may be enjoined and …

(815 ILCS 385/2) (from Ch. 121 1/2, par. 349.2) Sec. 2. It shall be unlawful for an optometrist, optician, manufacturer of ophthalmic lenses, frames, eyeglasses, spectacles, contact lenses, or any other optical devices or materials, or parts thereof, or any other person to publis…

(815 ILCS 160/2) (from Ch. 17, par. 7102) Sec. 2. Credit agreements to be in writing. A debtor may not maintain an action on or in any way related to a credit agreement unless the credit agreement is in writing, expresses an agreement or commitment to lend money or extend credit …

(815 ILCS 360/2) (from Ch. 121 1/2, par. 872) Sec. 2. This Act shall be known and may be cited as the "Lay Away Plan Act". (Source: P.A. 79-763.)

(815 ILCS 380/2) (from Ch. 121 1/2, par. 1202) Sec. 2. Definitions. For the purposes of this Act, the following words have the meanings ascribed to them in this Section. (a) "Consumer" means an individual who purchases or leases for a period of at least one year a new vehicle fro…

(815 ILCS 417/2) (was 720 ILCS 380/2) Sec. 2. Whoever violates any of the provisions of this Act shall be guilty of a petty offense and fined not less than $25 nor more than $100. (Source: P.A. 77-2249.)

(815 ILCS 610/2) (from Ch. 29, par. 50-2) Sec. 2. Definitions. In this Act: (a) "Dance studio" or "studio" means any person or business entity which contracts with members of the general public to provide dance studio services. (b) "Dance studio services" includes instruction, tr…

(815 ILCS 303/2) (was 720 ILCS 225/2) Sec. 2. Whoever violates the provisions of this Act shall be guilty of a Class B misdemeanor. (Source: P.A. 77-2260.)

(815 ILCS 605/2) (from Ch. 121 1/2, par. 2102) Sec. 2. The General Assembly finds and declares that: (a) The ability to obtain and use credit has become of great importance to consumers who have a vital interest in establishing and maintaining their credit worthiness and credit s…

(815 ILCS 185/2) (was 720 ILCS 330/2) Sec. 2. Any person violating this Act shall be guilty of a business offense and shall be fined not more than $1,000. (Source: P.A. 77-2251.)

(815 ILCS 408/2) (was 720 ILCS 350/2) Sec. 2. Whenever a seller advertises that consumer goods are for sale and that advertisement states the price of the consumer goods, the stated price must include all services incidental to the proper use of the goods by the purchaser, or the…

(815 ILCS 5/2.1) (from Ch. 121 1/2, par. 137.2-1) Sec. 2.1. Security. "Security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganizati…

(815 ILCS 405/2.1) (from Ch. 121 1/2, par. 502.1) Sec. 2.1. "Goods" means all goods used or purchased primarily for personal, family, or household purposes. "Goods" includes goods purchased primarily for agricultural purposes only for the purposes of the credit disclosure require…

(815 ILCS 375/2.1) (from Ch. 121 1/2, par. 562.1) Sec. 2.1. "Motor vehicle" means a motor vehicle as defined in the Illinois Vehicle Code but does not include bicycles, motorcycles, motor scooters, snowmobiles, trailers, farm equipment, and manufactured homes as defined in subdiv…

(815 ILCS 440/2.1) (from Ch. 96 1/2, par. 7702.1) Sec. 2.1. "Waste oil" or "used oil" means any oil which has been refined from crude oil, has been used, and as a result of such use has been contaminated by physical or chemical impurities. (Source: P.A. 81-379.)

(815 ILCS 405/2.10) (from Ch. 121 1/2, par. 502.10) Sec. 2.10. "Amount financed" means the cash sale price of the goods or services which are the subject matter of a retail installment contract plus all other charges individually itemized, which are included in the amount finance…

(815 ILCS 5/2.10) (from Ch. 121 1/2, par. 137.2-10) Sec. 2.10. "Registered salesperson" means a salesperson registered under Section 8 of this Act. "Registered salesperson" also means a registered limited Canadian salesperson. (Source: P.A. 90-70, eff. 7-8-97.)

(815 ILCS 375/2.10) (from Ch. 121 1/2, par. 562.10) Sec. 2.10. "Deferred payment price" means the total of (1) the cash sale price of the motor vehicle purchased, (2) all other charges individually itemized which are included in the amount financed but which are not a part of the…

(815 ILCS 405/2.11) (from Ch. 121 1/2, par. 502.11) Sec. 2.11. "Finance charge" means the sum of all charges payable, directly or indirectly by the buyer and imposed directly or indirectly by the seller as an incident to or as a condition of the extension of credit, whether payab…

(815 ILCS 375/2.11) (from Ch. 121 1/2, par. 562.11) Sec. 2.11. "Sales finance agency" means a person engaged, in whole or in part, in the business of purchasing or making loans upon the security of retail installment contracts. The term includes, but is not limited to, banks, tru…

(815 ILCS 5/2.11) (from Ch. 121 1/2, par. 137.2-11) Sec. 2.11. Investment adviser. "Investment adviser" means any person who, for compensation, engages in this State in the business of advising others, either directly or through publications or writings, as to the value of securi…

(815 ILCS 405/2.12) (from Ch. 121 1/2, par. 502.12) Sec. 2.12. "Deferred payment price" means the total of (1) the cash sale price of the goods or services purchased, (2) all other charges individually itemized which are included in the amount financed but which are not a part of…

(815 ILCS 375/2.12) (from Ch. 121 1/2, par. 562.12) Sec. 2.12. "Holder" of a retail installment contract means the retail seller of the motor vehicle under the installment contract or sales finance agency or other assignee which purchases or makes a loan upon the security of the …

(815 ILCS 5/2.12) (from Ch. 121 1/2, par. 137.2-12) Sec. 2.12. "Registered investment adviser" means an investment adviser registered under Section 8 of this Act. (Source: Laws 1961, p. 3663.)

(815 ILCS 5/2.12a) (from Ch. 121 1/2, par. 137.2-12a) Sec. 2.12a. "Principal of an investment adviser" means any officer, director, partner, member, trustee or manager of such investment adviser who is responsible for the supervision of the registered representatives in this Stat…

(815 ILCS 5/2.12b) (from Ch. 121 1/2, par. 137.2-12b) Sec. 2.12b. Investment adviser representative. "Investment adviser representative" means, with respect to an investment adviser who is required to register under this Act, any partner, officer, director of (or a person occupyi…

(815 ILCS 5/2.12c) Sec. 2.12c. Registered investment adviser representative. "Registered investment adviser representative" means an investment adviser representative registered under Section 8 of this Act. (Source: P.A. 90-70, eff. 7-8-97.)

(815 ILCS 375/2.13) (from Ch. 121 1/2, par. 562.13) Sec. 2.13. "Annual percentage rate" means the nominal annual percentage rate of finance charge determined in accordance with the actuarial method of computation with an accuracy at least to the nearest 1/4 of 1%; or at the optio…

(815 ILCS 405/2.13) (from Ch. 121 1/2, par. 502.13) Sec. 2.13. "Sales finance agency" means a person engaged, in whole or in part, in the business of purchasing or making loans upon the security of retail installment contracts or retail charge agreements. The term includes, but i…

(815 ILCS 5/2.13) (from Ch. 121 1/2, par. 137.2-13) Sec. 2.13. "Effective date" when used with respect to a registration under the Federal 1933 Act means the date and time as of which a statement for the registration of securities under said Act first becomes effective or, upon t…