Illinois Compiled Statutes 215 ILCS 5 Illinois Insurance Code. Section 1416

    (215 ILCS 5/1416)

    Sec. 1416. Prohibited defenses. A violation of any provision of this Article shall not be used as a defense by any person in any action by a financial institution to recover the amount owing on any loan or extension of credit.

(Source: P.A. 90-41, eff. 10-1-97.)

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Last modified: February 18, 2015