Illinois Compiled Statutes
810 ILCS 5/2A-506 (2026)
Statute of limitations
✓ current as of May 2026
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(810 ILCS 5/2A-506)
(from Ch. 26, par. 2A-506)
Sec. 2A-506.
Statute of limitations.
(1) An action for default under a lease contract,
including breach of warranty or indemnity, must be commenced
within 4 years after the cause of action accrued. By the
original lease contract the parties may reduce the period of
limitation to not less than one year.
(2) A cause of action for default accrues when the act or
omission on which the default or breach of warranty is based is
or should have been discovered by the aggrieved party, or when
the default occurs, whichever is later. A cause of action for
indemnity accrues when the act or omission on which the claim
for indemnity is based is or should have been discovered by the
indemnified party, whichever is later.
(3) If an action commenced within the time limited by
subsection (1) is so terminated as to leave available a remedy by
another action for the same default or breach of warranty or
indemnity, the other action may be commenced after the expiration
of the time limited and within 6 months after the termination of
the first action unless the termination resulted from voluntary
discontinuance or from dismissal for failure or neglect to
prosecute.
(4) This Section does not alter the law on tolling of the
statute of limitations nor does it apply to causes of action that
have accrued before this Article becomes effective.
(Source: P.A. 87-493.)
Notes of Decisions
Cited in 3
cases, 1997–2016 · leading case: Armbrister v. Pushpin Holdings, LLC, 896 F. Supp. 2d 746 (N.D. Ill. 2012).
Armbrister v. Pushpin Holdings, LLC, 896 F. Supp. 2d 746 (N.D. Ill. 2012). “Plaintiffs additionally allege that the applicable statute of limitations for the collection of a debt based on the breach of the guarantees is 810 ILCS 5/2A-506, which provides, in relevant part, “[a]n action for default under a lease contract, including breach of warranty or…”
Primus Fin. Servs. v. Walters, 2015 IL App (1st) 151054 (Ill. App. Ct. 2016). “See 810 ILCS 5/2A-506 (West 2012) (four-year statute of limitations in action for default under a lease contract).”
Imaging Fin. Servs., Inc. v. Graphic Arts Servs., Inc., 172 F.R.D. 322 (N.D. Ill. 1997). “” 810 ILCS 5/2A-506(1). . Graphic Arts made no mention of the HPG Upgrade Option in its Amended Third Party Complaint.”
— 810 ILCS 5/2A-506(1) — 2 cases
Armbrister v. Pushpin Holdings, LLC, 896 F. Supp. 2d 746 (N.D. Ill. 2012). “Plaintiffs additionally allege that the applicable statute of limitations for the collection of a debt based on the breach of the guarantees is 810 ILCS 5/2A-506, which provides, in relevant part, “[a]n action for default under a lease contract, including breach of warranty or…”
Imaging Fin. Servs., Inc. v. Graphic Arts Servs., Inc., 172 F.R.D. 322 (N.D. Ill. 1997). “” 810 ILCS 5/2A-506(1). . Graphic Arts made no mention of the HPG Upgrade Option in its Amended Third Party Complaint.”
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