815 ILCS 180/45

Current through Public Acts 103-1 through 103-587, 103-589, and 103-590
Section 815 ILCS 180/45 - No fiduciary relationship

This Act does not impose a fiduciary relationship between the creditor and the debtor. Placement of collateral protection insurance is for the sole purpose of protecting the interest of the creditor when the debtor fails to insure collateral as required by the credit agreement.

815 ILCS 180/45

P.A. 89-623, eff. 8/9/1996.