(810 ILCS 5/9-201)
(from Ch. 26, par. 9-201)
General effectiveness of security agreement.
(a) General effectiveness. Except as otherwise provided in the Uniform
Commercial Code, a security agreement is effective according to its terms
the parties, against purchasers of the collateral, and against creditors.
(b) Applicable consumer laws and other law. A transaction subject to
this Article is subject to any applicable rule of law, statute, or regulation
which establishes a
(1) the Retail Installment Sales Act;
(2) the Motor Vehicle Retail Installment Sales Act;
(3) Article II of Chapter 3 of the Illinois Vehicle
(5) the Pawnbroker Regulation Act;
(6) the Motor Vehicle Leasing Act;
(7) the Consumer Installment Loan Act; and
(8) the Consumer Deposit Security Act of 1987.
(c) Other applicable law controls. In case of conflict between this Article
and a rule of law, statute, or regulation described in subsection
(b), the rule
statute, or regulation controls. Failure to comply with a rule of law,
described in subsection (b) has only the effect such rule of law, statute, or
(d) Further deference to other applicable law. This Article does not:
(1) validate any rate, charge, agreement, or practice