Illinois Compiled Statutes 815 ILCS 135 Residential Improvement Loan Act. Section 1

    (815 ILCS 135/1) (from Ch. 17, par. 5801)

    Sec. 1. No person or corporation shall disburse funds to or for the account of, or as directed by a contractor pursuant to a loan transaction for improvement or repair of (including remodeling of and additions to) a residential structure without requiring and receiving prior to each such disbursement a completion certificate as prescribed by this Act.

(Source: Laws 1963, p. 3543.)

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Last modified: February 18, 2015