Illinois Compiled Statutes 815 ILCS 375/2.12 – “Holder” of a retail installment contract means the retail seller of …
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Terms Used In Illinois Compiled Statutes 815 ILCS 375/2.12
- Contract: A legal written agreement that becomes binding when signed.
“Holder” of a retail installment contract means the retail seller of the motor vehicle under the installment contract or sales finance agency or other assignee which purchases or makes a loan upon the security of the retail installment contract.