Ill. Admin. Code tit. 14 § 140.810

Current through Register Vol. 48, No. 45, November 8, 2024

Section 140.810 - Exemption for Loan Broker Agreements or Contracts from the Business Brokers Act of 1995

A loan broker agreement or contract, made pursuant to and in compliance with the Illinois Loan Brokers Act of 1995 [815 ILCS 175 ] between a client and a registered loan broker, which contains a promise by, or obligation of, a loan broker to procure or assist in procuring a loan for business financing or the purchase of a business for the client, is exempt from this Act.

Ill. Admin. Code tit. 14, § 140.810

Added at 23 Ill. Reg. 3059, effective March 1, 1999