Illinois Compiled Statutes 815 ILCS 636/10.85 – Lessor
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Terms Used In Illinois Compiled Statutes 815 ILCS 636/10.85
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
A person regularly engaged in the business of leasing or selling vehicles who leases a vehicle under a consumer lease.