815 ILCS 175/15-35

815 ILCS 175/15-35
in effect
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(815 ILCS 175/15-35) Sec. 15-35. Contracts required to be in writing; retention of copy by borrowing party. To be enforceable, every contract for the services of a loan broker shall be in writing and signed by all contracting parties. The borrowing party and loan broker shall retain a copy of the signed contract at the time it is signed. The loan broker shall retain a copy of the contract for a period of 6 years. (Source: P.A. 89-209, eff. 1-1-96; 90-70, eff. 7-8-97.)
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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