Illinois Compiled Statutes 815 ILCS 505/2K – No person engaged in the making of loans to consumers or furnishing …
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Terms Used In Illinois Compiled Statutes 815 ILCS 505/2K
- 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
- United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
No person engaged in the making of loans to consumers or furnishing goods or services to consumers in a credit transaction may advertise using the terms “bank rates”, “bank financing” or words of like import unless it is a bank, banking association or trust company authorized to do business under the laws of this State or of the United States. A person who violates this Section commits an unlawful practice within the meaning of this Act.