{"data":{"id":"us-il/205-ilcs-740-2.03","jurisdiction":"us-il","citation":"205 ILCS 740/2.03","heading":"Exemptions.","body":"This Act does not apply to the following:\n1. Banks, including trust departments, affiliates, and subsidiaries thereof, and fiduciaries (except those who own or operate collection agencies);\n2. Abstract companies doing an escrow business;\n3. Real estate brokers when acting in the pursuit of their profession;\n4. Public officers and judicial officers acting under order of a court;\n5. Licensed attorneys at law;\n6. Insurance companies;\n7. Credit unions, including affiliates and subsidiaries thereof (except those who own or operate collection agencies);\n8. Persons licensed pursuant to the Residential Mortgage License Act of 1987 when engaged in activity authorized under that Act;\n9. Retail sellers collecting on retail installment contracts or retail charge agreements originated by the retail seller;\n10. Unit Owner's Associations established under the Condominium Property Act, and their duly authorized agents, when collecting assessments from unit owners;\n11. Any person under contract with a creditor to notify the creditor's debtors of a debt using only the creditor's name;\n12. Persons licensed pursuant to the Sales Finance Agency Act when engaged in collection of accounts purchased or loans they made pursuant to that Act;\n13. Persons licensed pursuant to the Student Loan Servicing Act when engaged in activity authorized under that Act;\n14. Persons licensed pursuant to the Consumer Installment Loan Act when engaged in collection of loans that they originated under that Act;\n15. Persons engaged in the business of originating loans of money pursuant to the Interest Act when engaged in collecting loans that they originated under that Act;\n16. Motor vehicle retail sellers collecting motor vehicle retail installment contracts originated by the motor vehicle retail seller;\n17. Any person licensed pursuant to the Consumer Legal Funding Act when engaged in activity authorized by that Act;\n18. Any person licensed pursuant to the Pawnbroker Regulation Act of 2023 when engaged in activity authorized by that Act; and\n19. Any person identified by the Department by rule.","path":["CHAPTER 205 FINANCIAL REGULATION","Collection Agency Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4292\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"9376dfe0ff7811e26eef6add79de89eb7c1cbbc4268fa3365ffb8755863fb0e5","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-740-2.02","next":"us-il/205-ilcs-740-2.04"},"notice":"GroundRules: Original legal text. Not legal advice."}