(815 ILCS 636/10.75)
Sec. 10.75.
Lease charge.
The charge determined by the lessor to be paid
by the lessee for the privilege of making the lease payments as scheduled under
a consumer lease. The term lease charge does not include any amount included
in the capitalized cost or any delinquency, default, disposition, early
termination, collection, or reinstatement charge. The term lease charge does
not include the amount, if any, for taxes, registration, license, acquisition,
administration, assignment and other fees, and charges for insurance, for
accessories or their installation, for delivering, servicing, repairing, or
improving the vehicle, and for other goods, benefits, or services incidental to
the consumer lease, (a) included in the capitalized cost, (b) paid for
separately at lease inception by cash, check, credit card, or similar means, or
(c) paid for on a periodic basis in addition to the base lease payment. The
lessor may calculate lease charges on any basis.
(Source: P.A. 89-625, eff. 1-1-97.)
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