Illinois Statutes
§ 1416 — Prohibited defenses
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XLIV - Financial Institutions Insurance Sales Law
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.
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Legislative History
(Source: P.A. 90-41, eff. 10-1-97.)
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