815 ILCS 405/18

815 ILCS 405/18
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(815 ILCS 405/18) (from Ch. 121 1/2, par. 518) Sec. 18. All defenses available against a holder in due course of a negotiable instrument under subsection (2) of Section 3-305 of the Uniform Commercial Code are available to a buyer under a retail installment contract notwithstanding any agreement to the contrary. (Source: Laws 1967, p. 2149.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements