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765 ILCS 67/55

Circumstances voiding mandatory arbitration provisions

Known as the Installment Sales Contract Act

The act spans §§ 765-67-1 to 765-67-999 (23 sections).

P.A. 100-416, eff. 1-1-18.

A mandatory arbitration provision of an installment sales contract that is oppressive, unfair, unconscionable, or substantially in derogation of the rights of either party is void.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.