{"data":{"id":"us-il/765-ilcs-1026-15-1205","jurisdiction":"us-il","citation":"765 ILCS 1026/15-1205","heading":"Other civil penalties.","body":"(a) If a holder enters into a contract or other arrangement for the purpose of evading an obligation under this Act or otherwise willfully fails to perform a duty imposed on the holder under this Act, the administrator may require the holder to pay the administrator, in addition to interest as provided in subsection (a) of Section 15-1204, a civil penalty of $1,000 for each day the obligation is evaded or the duty is not performed, up to a cumulative maximum amount of $25,000, plus 25% of the amount or value of property that should have been but was not reported, paid, or delivered as a result of the evasion or failure to perform.\n(b) If a holder makes a fraudulent report under this Act, the administrator may require the holder to pay to the administrator, in addition to interest under subsection (a) of Section 15-1204, a civil penalty of $1,000 for each day from the date the report was made until corrected, up to a cumulative maximum of $25,000, plus 25% of the amount or value of any property that should have been reported but was not included in the report or was underreported.","path":["CHAPTER 765 PROPERTY","Revised Uniform Unclaimed Property Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=3794\u0026ChapterID=62\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:46Z","sha256":"fb8a1a9f2de68c5664eeadbae8ab5aebc161ad15c9bebeb609f047707f27a41d","source_id":"us-il","stale":false,"prev":"us-il/765-ilcs-1026-15-1204","next":"us-il/765-ilcs-1026-15-1206"},"notice":"GroundRules: Original legal text. Not legal advice."}