815 ILCS 405/2.5

815 ILCS 405/2.5
in effect
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(815 ILCS 405/2.5) (from Ch. 121 1/2, par. 502.5) Sec. 2.5. "Retail installment transaction" means a credit sale of goods or a furnishing or rendering of services by a retail seller to a retail buyer for a deferred payment price payable in one or more installments pursuant to a retail installment contract or a retail charge agreement. (Source: P.A. 76-1780.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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