Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 440 - CODE OF RULES
Subpart J - FRAUD REPORTING
Section 440.920 - Definition of Fraud
Universal Citation: 74 IL Admin Code ยง 440.920
Current through Register Vol. 48, No. 38, September 20, 2024
"Fraud" is generally defined as an intentional misrepresentation of a material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, when nondisclosure makes other statements misleading.
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