815 ILCS 160/2: Credit agreements to be in writing.
Where this section sits in the code
- CHAPTER 815 BUSINESS TRANSACTIONS
- Credit Agreements Act.
A debtor may not maintain an action on or in any way related to a credit agreement unless the credit agreement is in writing, expresses an agreement or commitment to lend money or extend credit or delay or forbear repayment of money, sets forth the relevant terms and conditions, and is signed by the creditor and the debtor.
Collected 2026-09-15T04:46:47Z. Source file · JSON