Illinois Statutes
§ 1416 — Prohibited defenses
Illinois § 1416
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XLIV - Financial Institutions Insurance Sales Law
This text of Illinois § 1416 (Prohibited defenses) 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
215 Ill. Comp. Stat. 1416 (2026).
Text
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.)
Nearby Sections
15
§ 14
Confidentiality§ 14.05
§ 14.05§ 14.1
Contribution Certificate§ 1400
Title§ 1401
Purpose§ 1402
Definitions§ 1405
Extensions of credit§ 1407
Rebating and discounting§ 1409
Disclosure§ 141
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Bluebook (online)
Illinois § 1416, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/1416.