(205 ILCS 675/6) (from Ch. 17, par. 7006)
Sec. 6.
In addition to or in lieu of interest at a periodic rate or
rates as provided in Section 5, and without limitation of the foregoing
Section 4, a financial institution may, if the agreement governing the
revolving credit plan so provides, charge and collect as interest, in such
manner or form as the plan
may provide, an annual or other periodic fee for the privileges made
available to the borrower under the plan, a transaction charge or charges,
late fees or delinquency charges, returned payment charges, over limit
charges and fees for services rendered.
(Source: P.A. 85-1432.)
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