(815 ILCS 405/21) (from Ch. 121 1/2, par. 521)
Sec. 21.
If, in a retail installment transaction, a buyer makes
any subsequent purchase of goods or services from a seller from whom
he has previously purchased goods or services under one or more retail
installment contracts, and the amounts under the previous contract or
contracts have not been fully paid, the subsequent purchases may, at the
seller's option, be included in and consolidated with one or more of the
previous contracts. Each subsequent purchase must be evidenced by a
separate retail installment contract under this Act, notwithstanding that
the purchase may be included in and consolidated with one or more of those
in the previous contracts. All of the provisions of this Act with respect
to retail installment contracts apply to these subsequent purchases except
as otherwise provided in this Section. If installment purchases are
consolidated, the seller may, instead of having the buyer execute a retail
installment contract for each subsequent purchase as provided in this Act,
prepare a written memorandum of each subsequent purchase, in which case
Sections 3 and 14 and paragraph (a) of Section 5 do not apply. Unless
previously furnished in writing to the buyer by the seller, by sales slip,
memoranda or otherwise, the memorandum must set forth with respect to each
subsequent purchase the following:
(1) all items of disclosure required by Section 5 of |