Statutes, codes, and regulations
Illinois Compiled Statutes
BUSINESS AND EMPLOYMENTChapter 815 - BUSINESS TRANSACTIONSSubchapter - LOANS AND CREDITAct 175 - ILLINOIS LOAN BROKERS ACT OF 1995
Article 15
Section 815 ILCS 175/15-35 - Contracts required to be in writing; retention of copy by borrowing party

815 ILCS 175/15-35

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Current through Public Act 103-1052
Section 815 ILCS 175/15-35 - Contracts required to be in writing; retention of copy by borrowing party

To be enforceable, every contract for the services of a loan broker shall be in writing and signed by all contracting parties. The borrowing party and loan broker shall retain a copy of the signed contract at the time it is signed. The loan broker shall retain a copy of the contract for a period of 6 years.

815 ILCS 175/15-35

P.A. 89-209, eff. 1/1/1996; 90-70, eff. 7/8/1997.