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Code · Illinois · Chapter 815 — BUSINESS TRANSACTIONS · Act 636

Sec. 50. Restriction on the reporting of early terminations.

51 words·~1 min read·/il/chapter-815/act-636/50

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Sec. 50. Restriction on the reporting of early terminations. The holder shall not report the voluntary early termination of a consumer lease to a consumer reporting agency as a default unless the lessee fails to satisfy the lessee's early termination obligations within the time periods set forth in the consumer lease.
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