Illinois Chapter 720 Criminal Offenses
720 ILCS 330/ Loan Advertising to Bankrupts Act.Code Resources
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(720 ILCS 330/0.01) (from Ch. 121 1/2, par. 157.24)
Sec. 0.01.
Short title.
This Act may be cited as the
Loan Advertising to Bankrupts Act.
(Source: P.A. 86‑1324.)
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(720 ILCS 330/1) (from Ch. 121 1/2, par. 157.25)
Sec. 1.
No person engaged in the business of making loans or of selling any
property or services under installment contracts or charge agreements may
include in any solicitation of or advertisement for such business any
language stating or implying that a loan or extension of credit will be
made to a person who has been adjudged a bankrupt.
(Source: Laws 1967, p. 3546.)
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(720 ILCS 330/2) (from Ch. 121 1/2, par. 157.26)
Sec. 2.
Any person violating this Act shall be guilty of a business offense and
shall be fined not more than $1,000.
(Source: P. A. 77‑2251.)
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