Illinois Compiled Statutes 225 ILCS 429/15 – Requirement of license
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Terms Used In Illinois Compiled Statutes 225 ILCS 429/15
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
It shall be unlawful for any person or entity to act as a debt settlement provider except as authorized by this Act and without first having obtained a license under this Act.