TITLE 14: COMMERCE
SUBTITLE A: REGULATION OF BUSINESS
CHAPTER I: SECRETARY OF STATE
PART 140 REGULATIONS UNDER THE ILLINOIS BUSINESS BROKERS ACT OF 1995
SECTION 140.810 EXEMPTION FOR LOAN BROKER AGREEMENTS OR CONTRACTS FROM THE BUSINESS BROKERS ACT OF 1995
Section 140.810 Exemption for Loan Broker Agreements or Contracts from the Business Brokers Act of 1995
A loan broker agreement or contract, made pursuant to and in compliance with the Illinois Loan Brokers Act of 1995 [815 ILCS 175] between a client and a registered loan broker, which contains a promise by, or obligation of, a loan broker to procure or assist in procuring a loan for business financing or the purchase of a business for the client, is exempt from this Act.
(Source: Added at 23 Ill. Reg. 3059, effective March 1, 1999)