Illinois Compiled Statutes > 45 ILCS 35 – Quad Cities Interstate Metropolitan Authority Act
Current as of: 2022 |
Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes > 45 ILCS 35 - Quad Cities Interstate Metropolitan Authority Act
- Credit bureau: An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. (Also commonly referred to as consumer-reporting agency or credit-reporting agency.) Source: OCC
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor