A violation of any provision of this Article shall not be used as a defense by any person in any action by a financial institution to recover the amount owing on any loan or extension of credit.
215 ILCS 5/1416
Prohibited defenses
Known as the Financial Institutions Insurance Sales Law
The act spans §§ 215-5-1400 to 215-5-1416 (17 sections).
P.A. 90-41, eff. 10-1-97.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.