Illinois Statutes
§ 6005 — General loan contract provisions
Illinois § 6005
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 205/Savings Bank Act.
Art.Article 6 - Investments
This text of Illinois § 6005 (General loan contract provisions) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
205 Ill. Comp. Stat. 6005 (2026).
Text
Each loan and any agreement for securing the loan shall be evidenced by one or more written instruments, consistent with sound lending practices in the locality. Whenever recordation of an instrument is necessary to establish priority over the claim of any third party, the instrument shall be recorded.
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Legislative History
(Source: P.A. 86-1213.)
Nearby Sections
15
§ 6001
General provisions§ 6002
Investment in loans§ 6003
Other investments§ 6006
Modification agreements§ 6010
Prohibited loans§ 6012
Acknowledgments§ 6013
Loans to one borrowerCite This Page — Counsel Stack
Bluebook (online)
Illinois § 6005, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/6005.