(815 ILCS 165/2) (from Ch. 29, par. 952)
Sec. 2.
As used in this Act, the following words have the meaning
ascribed to them in this Section.
"Consumer Goods" means any goods or items used primarily for personal,
family or household purposes.
"Consumer Lease" means a contract in the form of a bailment or lease for
the use of consumer goods for a period of time exceeding 4 months, for a
total contractual obligation not exceeding $25,000, whether or not the
lessee has the option to purchase or otherwise become the owner of the
property at the expiration of the lease. The term consumer lease does not
include a lease primarily
for agricultural, business or commercial purposes or one made to an organization.
"Deposit" means any money held by the lessor to secure the performance by
the lessee of the lessee's obligations under a consumer lease including,
but not limited to, damage deposits, security deposits, advance rent
deposits for other than the next immediate rental period; or any
contractual deposit agreed to between the lessor and lessee in writing or orally.
"Lessor" means any person engaged in the business of leasing consumer
goods under consumer leases.
"Lessee" means any individual leasing consumer goods under a consumer lease.
(Source: P.A. 85-733.)
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