Illinois Compiled Statutes 765 ILCS 95/4 – Damages
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Terms Used In Illinois Compiled Statutes 765 ILCS 95/4
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
If a transferor fails to make the disclosures required by this Act or if a transferor knowingly makes a false disclosure, the transferee and the lender may each recover from the transferor in a civil action any actual damages incurred within 5 years after the date of the transfer.