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Illinois · Through at least Public Act 104-790

815 ILCS 180/45: No fiduciary relationship.

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Where this section sits in the code
  1. CHAPTER 815 BUSINESS TRANSACTIONS
  2. Collateral Protection Act.

This Act does not impose a fiduciary relationship between the creditor and the debtor. Placement of collateral protection insurance is for the sole purpose of protecting the interest of the creditor when the debtor fails to insure collateral as required by the credit agreement.

Collected 2026-09-15T04:46:47Z. Source file · JSON

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