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TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION PART 110 CONSUMER INSTALLMENT LOAN ACT SECTION 110.410 SECURITY INTEREST
Section 110.410 Security Interest
A title-secured lender shall not take a security interest in any of the obligor's property other than the obligor's motor vehicle title, as tendered to the lender at the time of the making of the loan.
(Source: Amended at 33 Ill. Reg. 4142, effective April 1, 2009) |