765 ILCS 1026/15-1206

in effect

(765 ILCS 1026/15-1206) Sec. 15-1206. Waiver of interest and penalty. The administrator: (1) may waive, in whole or in part, interest under subsection (a) of Section 15-1204 and penalties under subsection (b) of Section 15-1204 or Section 15-1; and (2) shall waive a penalty under subsection (b) of Section 15-1204 if the administrator determines that the holder acted in good faith and without negligence. (Source: P.A. 100-22, eff. 1-1-18.)

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026