(a) A person commits the offense of indemnity fund fraud when that person knowingly:
        (1) offers or agrees to become a party to, or to
    
acquire an interest in, a contract involving the proceeds of a judgment for indemnity under Section 245 before the end of the period of redemption from the tax sale to which the judgment relates;
        (2) fraudulently induces a party to forego bringing
    
an action for the recovery of the mobile home;
        (3) makes a deceptive misrepresentation during the
    
course of negotiating an agreement under subsection (c) of Section 245; or
        (4) conspires to violate any of the provisions of
    
this subsection.
    (b) Commission of any one act described in subsection (a) is a Class A misdemeanor. Commission of more than one act described in subsection (a) during a single course of conduct is a Class 4 felony. A second or subsequent conviction for violation of any portion of this Section is a Class 4 felony.

Attorney's Note

Under the Illinois Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class A misdemeanorup to 1 yearup to $2,500
For details, see § Ill. Comp. Stat. 730 ILCS 5/5-4.5-55

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Terms Used In Illinois Compiled Statutes 35 ILCS 516/250

  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Fraud: Intentional deception resulting in injury to another.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

     (c) The State‘s Attorney of the county in which a judgment for indemnity under Section 245 is entered may bring a civil action in the name of the People of the State of Illinois against a person who violates paragraph (1), (2), or (3) of subsection (a). Upon a finding of liability in the action the court shall enter judgment in favor of the People in a sum equal to 3 times the amount of the judgment for indemnity, together with costs of the action and reasonable attorney’s fees. The proceeds of any judgment under this subsection shall be paid into the general fund of the county.