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 Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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.

625 ILCS 5/Ch. 5 Art. VI

(625 ILCS 5/Ch. 5 Art. VI heading) ARTICLE VI.

CREDIT OR CONDITIONAL

SALES--INSURANCE

625 ILCS 5/5-601

(625 ILCS 5/5-601) (from Ch. 95 1/2, par. 5-601)

Sec. 5-601.

Credit or conditional sale of certain motor vehicles - Liability insurance
status stamped on bill of sale.

Whenever, in connection with the credit sale of or conditional sale of a
motor vehicle designed and used for the carrying of not more than 10
passengers, the agreement provides that all or any of the consideration to
be paid by the buyer or conditional buyer may be paid more than 30 days
after possession of such motor vehicle is transferred to such buyer or
conditional buyer, and a policy of insurance which does not cover such
buyer or conditional buyer for the risk of liability to the public arising
out of the operation, use or maintenance of such motor vehicle, is issued
in connection with such transaction, the seller or conditional seller shall
stamp or have imprinted thereon a statement on the bill of sale at the time
the transaction is consummated that no such coverage is included in such
policy. Such statement shall be in the following form and shall be in bold
type not less than one-half inch in height:

NO PUBLIC LIABILITY INSURANCE ISSUED

WITH THIS TRANSACTION

(Source: P.A. 76-1586.)

625 ILCS 5/5-602

(625 ILCS 5/5-602) (from Ch. 95 1/2, par. 5-602)

Sec. 5-602.

Whoever violates any of the provisions of this Article shall be guilty
of a petty offense and shall be fined not more than $500.

(Source: P.A. 77-2720.)