Illinois Compiled Statutes 815 ILCS 505/2G – If an installment seller wilfully and materially resells goods he has …
Current as of: 2024 | Check for updates
|
Other versions
If an installment seller wilfully and materially resells goods he has repossessed from a buyer in default to a person who is not a good faith purchaser for value or with whom the seller is in collusion or if the seller resells those goods at a price intended to increase the amount of the deficiency recoverable from the defaulting buyer, that seller is guilty of an unlawful practice within the meaning of this Act.