(225 ILCS 425/2.03) (from Ch. 111, par. 2005)
(Section scheduled to be repealed on January 1, 2016)
Sec. 2.03. This Act does not apply to persons whose collection activities are confined to and are directly related to the operation of a business other than that of a collection agency, and specifically does not include the following:
1. Banks, including trust departments, affiliates,
and subsidiaries thereof, fiduciaries, and financing and lending institutions (except those who own or operate collection agencies);
2. Abstract companies doing an escrow business;
3. Real estate brokers when acting in the pursuit of
their profession;
4. Public officers and judicial officers acting under
order of a court;
5. Licensed attorneys at law;
6. Insurance companies;
7. Credit unions, including affiliates and
subsidiaries thereof;
8. Loan and finance companies;
9. Retail stores collecting their own accounts;
10. Unit Owner's Associations established under the
Condominium Property Act, and their duly authorized agents, when collecting assessments from unit owners; and
11. Any person or business under contract with a
creditor to notify the creditor's debtors of a debt using only the creditor's name.
(Source: P.A. 95-437, eff. 1-1-08.)
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Last modified: February 18, 2015