Illinois Code § 815 ILCS 405/3

(a) Every retail installment contract must be in writing, dated,
Open in Lexace · Ask the AI about this section
signed by both the buyer and the seller, and, except as otherwise provided
in this Act, completed as to all essential provisions, before it is signed
by the buyer.

 
(b) The printed or typed portion of the contract, other than
instructions for completion, must be in size equal to at least 8-point 
type.

 
(c) The contract must contain printed or written in a size equal to at
least 10-point bold type:

 
 
(1) Both at the top of the contract and directly 
 
above the space reserved for the signature of the buyer, the words "RETAIL INSTALLMENT CONTRACT";

 
 
(2) A notice as follows:

"Notice to the buyer.

 
 
1. Do not sign this agreement before you read it or 
 
if it contains any blank spaces.

 
 
2. You are entitled to an exact copy of the agreement 
 
you sign.

 
 
3. Under the law you have the right, among others, to 
 
pay in advance the full amount due and to obtain under certain conditions a partial refund of the finance charge.". 

above the space reserved for the signature of the buyer, the words "RETAIL INSTALLMENT CONTRACT";
if it contains any blank spaces.
you sign.
pay in advance the full amount due and to obtain under certain conditions a partial refund of the finance charge.".

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.