{"data":{"id":"us-il/815-ilcs-160-3","jurisdiction":"us-il","citation":"815 ILCS 160/3","heading":"Actions not considered agreements.","body":"The following actions do not give rise to a claim, counter-claim, or defense by a debtor that a new credit agreement is created, unless the agreement satisfies the requirements of Section 2:\n(1) the rendering of financial advice by a creditor to a debtor;\n(2) the consultation by a creditor with a debtor; or\n(3) the agreement by a creditor to modify or amend an existing credit agreement or to otherwise take certain actions, such as entering into a new credit agreement, forbearing from exercising remedies in connection with an existing credit agreement, or rescheduling or extending installments due under an existing credit agreement.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","Credit Agreements Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2316\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"7c314665db48d08eb76fa9c059db889fd58e503948d507f81978afe5ce4bf24f","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-160-2","next":"us-il/815-ilcs-160-3.1"},"notice":"GroundRules: Original legal text. Not legal advice."}