Illinois Compiled Statutes 330 ILCS 63/65 – Property repossession under retail installment sales
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Terms Used In Illinois Compiled Statutes 330 ILCS 63/65
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: All property that is not real property.
The repossession of personal property pursuant to a retail installment sales contract entered into before the buyer has entered military service and on or after the effective date of this Act that relates to the personal property of the service member is subject to Section 26.5 of the Retail Installment Sales Act and § 9-610 of the Uniform Commercial Code.