Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(225 ILCS 429/145)
A debt settlement provider shall not do any of the following:
(1) Charge or collect from a consumer any fee not
permitted by, in an amount in excess of the maximum amount permitted by, or at a time earlier than permitted by Section 125 of this Act.
(2) Advise or represent, expressly or by implication,
that consumers should stop making payments to their creditors.
(3) Advise or represent, expressly or by implication,
that consumers should stop communicating with their creditors.
(4) Change the mailing address on any of a consumer's
(5) Make loans or offer credit or solicit or accept
any note, mortgage, or negotiable instrument other than a check signed by the consumer and dated no later than the date of signature.
(6) Take any confession of judgment or power of
attorney to confess judgment against the consumer or appear as the consumer or on behalf of the consumer in any judicial proceedings.
(7) Take any release or waiver of any obligation to
be performed on the part of the debt settlement provider or any right of the consumer.
(8) Advertise, display, distribute, broadcast, or
televise services or permit services to be displayed, advertised, distributed, broadcasted, or televised, in any manner whatsoever, that contains any false, misleading, or deceptive statements or representations with regard to any matter, including services to be performed, the fees to be charged by the debt settlement provider, or the effect those services will have on a consumer's credit rating or on creditor collection efforts.
(9) Receive any cash, fee, gift, bonus, premium,
reward, or other compensation from any person other than the consumer explicitly for the provision of debt settlement service to that consumer.
(10) Offer or provide gifts or bonuses to consumers
for signing a debt settlement service contract or for referring another potential customer or customer.
(11) Disclose to anyone the name or any personal
information of a consumer for whom the debt settlement provider has provided or is providing debt settlement service other than to a consumer's own creditors or the debt settlement provider's agents, affiliates, or contractors for the purpose of providing debt settlement service without the prior consent of the consumer.
(12) Enter into a contract with a consumer without
first providing the disclosures and financial analysis and making the determinations required by this Section.
(13) Misrepresent any material fact, make a material
omission, or make a false promise directed to one or more consumers in connection with the solicitation, offering, contracting, or provision of debt settlement service.
(14) Violate the provisions of applicable do not call
(15) Purchase debts or engage in the practice or
business of debt collection.
(16) Include in a debt settlement agreement any
(17) Employ an unfair, unconscionable, or deceptive
act or practice, including the knowing omission of any material information.
(18) Engage in any practice that prohibits or limits
the consumer or any creditor from communication directly with one another.
(19) Represent or imply to a person participating in
or considering debt settlement that purchase of any ancillary goods or services is required.
(Source: P.A. 96-1420, eff. 8-3-10.)