815 ILCS 180/45

(815 ILCS 180/45)

Sec. 45.

No fiduciary relationship.

This Act does not impose a
fiduciary relationship between the creditor and the debtor.  Placement of
collateral protection insurance is for the sole purpose of protecting the
interest of the creditor when the debtor fails to insure collateral as required
by the credit agreement.

(Source: P.A. 89-623, eff. 8-9-96.)