{"data":{"id":"us-il/815-ilcs-603-20","jurisdiction":"us-il","citation":"815 ILCS 603/20","heading":"Retainage.","body":"No construction contract may permit the withholding of retainage from any payment in excess of the amounts permitted in this Section. A construction contract may provide for the withholding of retainage of up to 10% of any payment made prior to the completion of 50% of the contract. When a contract is 50% complete, retainage withheld shall be reduced so that no more than 5% is held. After the contract is 50% complete, no more than 5% of the amount of any subsequent payments made under the contract may be held as retainage.","path":["CHAPTER 815 BUSINESS TRANSACTIONS","Contractor Prompt Payment Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2941\u0026ChapterID=67\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:48Z","sha256":"bf03e6e12a62f5d0336a0e790e12e74039b761d48095e8d01dadd01c6df51904","source_id":"us-il","stale":false,"prev":"us-il/815-ilcs-603-15","next":"us-il/815-ilcs-603-99"},"notice":"GroundRules: Original legal text. Not legal advice."}