Illinois Compiled Statutes 205 Financial Regulation: Article -

• Illinois Financial Services Development Act. - 205 ILCS 675, Section 1
  This Act shall be known and may be cited as the "Illinois Financial Services Development Act". (Source: P.A. 85-1432.)
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 2
  Findings and Declarations of Policy. The General Assembly hereby finds, determines and declares: (a) That the economic strength of Illinois requires strong and effective...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 3
  As used in this Section: (a) "Financial institution" means any bank with its main office or, after May 31, 1997, a branch in this State,...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 4
  Notwithstanding the provisions of any other laws in connection with revolving credit plans, any financial institution may, subject to the other provisions of this...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 5
  A financial institution may charge and collect interest under a revolving credit plan on outstanding unpaid indebtedness in the borrower's account under the plan at...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 6
  In addition to or in lieu of interest at a periodic rate or rates as provided in Section 5, and without limitation of the...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 7
  (a) At or before the date a billing statement is first rendered to the borrower under a revolving credit plan, the financial institution must...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 8
  Amendment of agreement governing revolving credit plans other than credit card accounts. (a) If the agreement governing a revolving credit plan other than a credit...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 8.5
  Amendment of agreement governing credit card accounts. (a) Amendment of terms. If the agreement governing a credit card account so provides or allows, then a...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 9
  No writing or other agreement between a borrower and a financial institution may contain any provision which constitutes a waiver of any right conferred...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 10
  A revolving credit plan between a financial institution and a borrower shall be governed by the laws of this State. All terms, conditions and...
• Illinois Financial Services Development Act. - 205 ILCS 675, Section 11
  Any amendment of a revolving credit plan which violates the conditions or limitations of Section 8 of this Act shall not be enforceable, but...

Last modified: February 18, 2015