Illinois Compiled Statutes 815 ILCS 636 Motor Vehicle Leasing Act. Section 50

    (815 ILCS 636/50)

    Sec. 50. Restriction on the reporting of early terminations. The holder shall not report the voluntary early termination of a consumer lease to a consumer reporting agency as a default unless the lessee fails to satisfy the lessee's early termination obligations within the time periods set forth in the consumer lease.

(Source: P.A. 89-625, eff. 1-1-97.)

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Last modified: February 18, 2015