Illinois Statutes
§ 40 — Right to cure default
Illinois § 40
JurisdictionIllinois
TopicRIGHTS AND REMEDIES
Ch. 765PROPERTY
Act 765 ILCS 67/Installment Sales Contract Act.
This text of Illinois § 40 (Right to cure default) 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
765 Ill. Comp. Stat. 40 (2026).
Text
If the buyer defaults in payment, any action brought against the buyer under the contract shall be initiated only after the expiration of 90 days from the date of the default. A buyer in default may, prior to the expiration of the 90-day period, make all payments, fees, and charges currently due under the contract to cure the default.
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Legislative History
(Source: P.A. 100-416, eff. 1-1-18 .)
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 40, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/765/40.