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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 160

Sec. 2. Credit agreements to be in writing.

66 words·~1 min read·/il/chapter-815/act-160/2

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Sec. 2. Credit agreements to be in writing. A debtor may not maintain an action on or in any way related to a credit agreement unless the credit agreement is in writing, expresses an agreement or commitment to lend money or extend credit or delay or forbear repayment of money, sets forth the relevant terms and conditions, and is signed by the creditor and the debtor.
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