Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 405/2.5

(815 ILCS 405/2.5) (from Ch. 121 1/2, par. 502.5)

Sec. 2.5.

"Retail installment transaction" means a credit sale of goods or
a furnishing or rendering of services by a retail seller to a retail buyer
for a deferred payment price payable in one or more installments pursuant
to a retail installment contract or a retail charge agreement.

(Source: P.A. 76-1780.)