No action may be filed against any licensee for violation of the terms of this Act or its rules unless the action is commenced within 5 years after the occurrence of the alleged violation. A continuing violation will be deemed to have occurred on the date when the circumstances first existed which gave rise to the alleged continuing violation.
205 ILCS 740/9.5
Statute of limitations
Known as the Collection Agency Act
The act spans §§ 205-740-1 to 205-740-9-7 (61 sections).
P.A. 99-227, eff. 8-3-15.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.