Illinois § 70 Cooling-off period

Illinois Statutes

§ 70 — Cooling-off period

Illinois § 70

TopicRIGHTS AND REMEDIES

Ch. 765PROPERTY

Act 765 ILCS 67/Installment Sales Contract Act.

This text of Illinois § 70 (Cooling-off period) 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. 70 (2026).

Text

(a)The buyer or the seller shall not be bound for 3 full business days after an unexecuted installment sales contract has been accepted by the buyer and the seller in the contract's full and final form.

(b)No later than the time the unexecuted installment sales contract has been accepted by the buyer and the seller in the contract's full and final form, the seller shall provide to the buyer the document described in Section 75 of this Act.

(c)An executed installment sales contract shall include a statement acknowledging that the seller provided the buyer with the installment sales contract disclosure prepared by the Office of the Attorney General, as required under Section 75 of this Act.

(d)An executed installment sales contract shall include the date the seller provided the buyer wit

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(a) The buyer or the seller shall not be bound for 3 full business days after an unexecuted installment sales contract has been accepted by the buyer and the seller in the contract's full and final form. (b) No later than the time the unexecuted installment sales contract has been accepted by the buyer and the seller in the contract's full and final form, the seller shall provide to the buyer the document described in Section 75 of this Act. (c) An executed installment sales contract shall include a statement acknowledging that the seller provided the buyer with the installment sales contract disclosure prepared by the Office of the Attorney General, as required under Section 75 of this Act. (d) An executed installment sales contract shall include the date the seller provided the buyer with the installment sales contract disclosure prepared by the Office of the Attorney General. (e) The requirements of this Section cannot be waived by the buyer or the seller.

Legislative History

(Source: P.A. 100-416, eff. 1-1-18 .)

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Bluebook (online)

Illinois § 70, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/765/70.