Loan

815 ILCS 175/15-5.10
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(815 ILCS 175/15-5.10) Sec. 15-5.10. Loan. "Loan" means any agreement to advance money or property in return for the promise to make payments for the money or property. (Source: P.A. 89-209, eff. 1-1-96.)
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