Section 460.220  Duration of the Buyers Club Contract

A buyers club engages in an unfair or deceptive act or practice if it:

a)         Writes a buyers club contract for a term in excess of 5 years from the date the contract is signed.

b)         Replaces any current buyers club contract with a new buyers club contract for a term in excess of 5 years from the date the new contract is signed by both parties.

(Source:  Amended at 10 Ill. Reg. 10957, effective June 6, 1986)