ILCS » Chapter 815 · Act 505
Illinois Compiled Statutes

815 ILCS 505/2F (2026)

Any person who is held in any civil or criminal proceeding to have wilfully and materially violated any Illinois statutory provision regulating the extension of credit to borrowers or designed to protect the consumer purchasing merchandise in a credit, as contrasted from a cash, transaction is guilty of an unlawful practice within the meaning of this Act

✓ current as of May 2026
Find cases: SyfertCases citing this section IL-ILGAilga.gov JustiaChapter on Justia CornellLII Search CasesGoogle Scholar
(815 ILCS 505/2F) (from Ch. 121 1/2, par. 262F)
    Sec. 2F. Any person who is held in any civil or criminal proceeding to have wilfully and materially violated any Illinois statutory provision regulating the extension of credit to borrowers or designed to protect the consumer purchasing merchandise in a credit, as contrasted from a cash, transaction is guilty of an unlawful practice within the meaning of this Act. Nothing in this Section prohibits the prosecution of a person under the statute violated as well as under this Act.
(Source: Laws 1967, p. 2143.)

    
Notes of Decisions
Cited in 3 cases, 1995–2010 · leading case: Inland Bank & Trust v. Knight, 927 N.E.2d 777 (Ill. App. Ct. 2010).
Sort: Relevance Newest Treatment
Inland Bank & Trust v. Knight, 927 N.E.2d 777 (Ill. App. Ct. 2010). “la(f) (West 2006)), section 2F of the Consumer Fraud and Deceptive Business Practices Act (815 ILCS 505/2F (West 2006)), and constituted an unenforceable penalty.”
Inland Bank & Trust v. Knight (Ill. App. Ct. 2010). “1a(f) (West 2006)), section 2F of the Consumer Fraud and Deceptive Business Practices Act (815 ILCS 505/2F (West 2006)), and constituted an unenforceable penalty.”
McCoy v. MTI Vacations, Inc., 650 N.E.2d 605 (Ill. App. Ct. 1995). “262F (now 815 ILCS 505/2F (West 1992)).) In interpreting these sections, the supreme court stated that a private cause of action could be maintained under section 10a of the Consumer Fraud Act (Ill.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.