Illinois Compiled Statutes 815 ILCS 405 Retail Installment Sales Act. Section 2.12

    (815 ILCS 405/2.12) (from Ch. 121 1/2, par. 502.12)

    Sec. 2.12. "Deferred payment price" means the total of (1) the cash sale price of the goods or services purchased, (2) all other charges individually itemized which are included in the amount financed but which are not a part of the finance charge, and (3) the finance charge.

(Source: P.A. 76-1780.)

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Last modified: February 18, 2015