Illinois Compiled Statutes 765 ILCS 1026/15-1206 – Waiver of interest and penalty
Current as of: 2024 | Check for updates
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The administrator:
(1) may waive, in whole or in part, interest under
(1) may waive, in whole or in part, interest under
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subsection (a) of Section 15-1204 and penalties under subsection (b) of Section 15-1204 or Section 15-1; and
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(2) shall waive a penalty under subsection (b) of
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Section 15-1204 if the administrator determines that the holder acted in good faith and without negligence.
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