815 ILCS 636/10.10

815 ILCS 636/10.10
in effect
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(815 ILCS 636/10.10) Sec. 10.10. Average periodic depreciation. The difference between the adjusted capitalized cost and the residual value divided by the number of payment periods in the consumer lease, or, for a single payment lease, divided by the number of months in the term of the lease. (Source: P.A. 89-625, eff. 1-1-97.)
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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