Sec. 1416. Prohibited defenses.
41 words·~1 min read·
/il/chapter-215/act-5/1416A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1416. Prohibited defenses. A violation of any provision of this Article shall not be used as a defense by any person in any action by a financial institution to recover the amount owing on any loan or extension of credit.