Loan Advertising to Bankrupts Act (815 ILCS 185/)

Chapter 815 — Business Transactions

Loans and Credit

This text is maintained by the Legislative Reference Bureau for legislative drafting purposes and is NOT the official text of the Illinois Compiled Statutes; the only official copy is the printed copy maintained by the Secretary of State.

Sec. 0.01. Short title

This Act may be cited as the Loan Advertising to Bankrupts Act.

(Source: P.A. 86-1324.)

Sec. 1.

No person engaged in the business of making loans or of selling any property or services under installment contracts or charge agreements may include in any solicitation of or advertisement for such business any language stating or implying that a loan or extension of credit will be made to a person who has been adjudged a bankrupt.

(Source: Laws 1967, p. 3546.)

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.)