Illinois Compiled Statutes 815 ILCS 375 Motor Vehicle Retail Installment Sales Act. Section 2.12

    (815 ILCS 375/2.12) (from Ch. 121 1/2, par. 562.12)

    Sec. 2.12. "Holder" of a retail installment contract means the retail seller of the motor vehicle under the installment contract or sales finance agency or other assignee which purchases or makes a loan upon the security of the retail installment contract.

(Source: P.A. 90-437, eff. 1-1-98.)

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Last modified: February 18, 2015