Illinois Compiled Statutes 815 ILCS 405 Retail Installment Sales Act. Section 31

    (815 ILCS 405/31) (from Ch. 121 1/2, par. 531)

    Sec. 31.

    (a) Any person who knowingly violates this Act is guilty of a Class A misdemeanor.

    (b) No person who violates this Act, except as a result of an accident or bona fide error of computation, may recover any finance charge, any delinquency or collection charge or any refinance charge in connection with the related retail installment contract or retail charge agreement.

(Source: P.A. 77-2265.)

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Last modified: February 18, 2015