Illinois Administrative Code
Title 14 - COMMERCE
Part 140 - REGULATIONS UNDER THE ILLINOIS BUSINESS BROKERS ACT OF 1995
Subpart E - EXEMPTIONS
Section 140.810 - Exemption for Loan Broker Agreements or Contracts from the Business Brokers Act of 1995
Universal Citation: 14 IL Admin Code ยง 140.810
Current through Register Vol. 48, No. 12, March 22, 2024
A loan broker agreement or contract, made pursuant to and in compliance with the Illinois Loan Brokers Act of 1995 [815 ILCS 175 ] between a client and a registered loan broker, which contains a promise by, or obligation of, a loan broker to procure or assist in procuring a loan for business financing or the purchase of a business for the client, is exempt from this Act.
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