Statutes, codes, and regulations
Illinois Compiled Statutes
BUSINESS AND EMPLOYMENTChapter 815 - BUSINESS TRANSACTIONSSubchapter - CONTRACTS
Act 636 - MOTOR VEHICLE LEASING ACT
Section 815 ILCS 636/50 - Restriction on the reporting of early terminations

815 ILCS 636/50

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Current through Public Act 103-1052
Section 815 ILCS 636/50 - Restriction on the reporting of early terminations

The holder shall not report the voluntary early termination of a consumer lease to a consumer reporting agency as a default unless the lessee fails to satisfy the lessee's early termination obligations within the time periods set forth in the consumer lease.

815 ILCS 636/50

P.A. 89-625, eff. 1/1/1997.