Illinois Compiled Statutes 815 Business Transactions: Article -

• Illinois Contractor Prompt Payment Act. - 815 ILCS 603, Section 1
  Short title. This Act may be cited as the Contractor Prompt Payment Act. (Source: P.A. 95-567, eff. 8-31-07.)
• Illinois Contractor Prompt Payment Act. - 815 ILCS 603, Section 5
  Definitions. In this Act: (a) "Payment application" means, in accordance with the terms and definitions of the applicable contract, any invoice, bill or other request...
• Illinois Contractor Prompt Payment Act. - 815 ILCS 603, Section 10
  Construction contracts. All construction contracts shall be deemed to provide the following: (1) If a contractor has performed in accordance with the provisions of a...
• Illinois Contractor Prompt Payment Act. - 815 ILCS 603, Section 15
  Interest; suspension of performance. (a) If a payment due pursuant to the provisions of this Act is not made in a timely manner, the delinquent...
• Illinois Contractor Prompt Payment Act. - 815 ILCS 603, Section 99
  Effective date. This Act shall take effect upon becoming law. (Source: P.A. 95-567, eff. 8-31-07.)

Last modified: February 18, 2015