Illinois Compiled Statutes
815 ILCS 375/2.5 (2026)
"Retail Installment contract", "installment contract" or "contract" means an instrument or instruments prescribing the terms of a retail installment transaction and entered into in this State
✓ current as of May 2026
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(815 ILCS 375/2.5)
(from Ch. 121 1/2, par. 562.5)
Sec. 2.5.
"Retail Installment contract", "installment contract" or
"contract" means an instrument or instruments prescribing the terms of a
retail installment transaction and entered into in this
State.
(Source: P.A. 90-437, eff. 1-1-98.)
Notes of Decisions
Cited in 1
case, 1996–1996 · leading case: Gainer Bank, N.A. v. Jenkins, 672 N.E.2d 317 (Ill. App. Ct. 1996).
Gainer Bank, N.A. v. Jenkins, 672 N.E.2d 317 (Ill. App. Ct. 1996). “5 (now 815 ILCS 375/2.5 (West 1994)). Here, the installment contract for the sale of the Buick (the contract) was not entered into in Illinois.”
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