(815 ILCS 375/2.8) (from Ch. 121 1/2, par. 562.8)
Sec. 2.8.
"Amount financed" means the cash sale price of the motor vehicle
plus all other charges individually itemized, which are included in the
amount financed, including the amount actually paid or to be paid by the
seller pursuant to an agreement with the buyer to discharge a security
interest,
lien interest, or lease interest on the property traded in, but which are not
a part
of the finance charge, minus the
amount of the buyer's down payment in money or goods.
(Source: P.A. 91-411, eff. 8-6-99.)
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