Illinois Compiled Statutes 225 ILCS 429/5 – Purpose and construction
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 225 ILCS 429/5
- 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.
The purpose of this Act is to protect consumers who enter into agreements with debt settlement providers and to regulate debt settlement providers. This Act shall be construed as a consumer protection law for all purposes. This Act shall be liberally construed to effectuate its purpose.