Illinois Administrative Code
Title 14 - COMMERCE
Part 145 - REGULATIONS UNDER THE ILLINOIS LOAN BROKERS ACT OF 1995
Subpart E - EXEMPTIONS
Section 145.802 - Exemption for Franchises
Universal Citation: 14 IL Admin Code ยง 145.802
Current through Register Vol. 48, No. 38, September 20, 2024
Persons registered pursuant to the Illinois Franchise Disclosure Act of 1987 [815 ILCS 705 ] (and their employees) are exempt from the requirements of the Act as to: offers and sales in connection with such franchising activities; or assisting any of their franchisees in the offer or sale of a franchise by any such franchisee for its own account, regardless of whether the sale is effected by or through such registered persons.
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