(815 ILCS 5/8a)
(from Ch. 121 1/2, par. 137.8a)
Advertisement and sale of certain investments.
(a) Every person who sells or offers to sell a certificate of
shall disclose in every advertisement therefor whether the certificate of
deposit is insured, the identity of the insurer, and whether
is backed by the full faith and credit of any government.
(b) With respect to the sale of any uninsured
certificate of deposit, each person referred to in subsection (a) shall notify the purchaser in
writing of the lack of insurance.
(Source: P.A. 89-209, eff. 1-1-96.)