Ill. Admin. Code tit. 14 § 145.806

Current through Register Vol. 48, No. 49, December 6, 2024

Section 145.806 - Exemption for Business Broker Agreements or Contracts from the Loan Brokers Act of 1995

A business broker agreement or contract, made pursuant to and in compliance with the Illinois Business Brokers Act of 1995 [815 ILCS 307 ] between a client and a registered business broker, which contains a promise by, or obligation of, a business broker to procure or assist in procuring a loan for business financing or the purchase of a business for the client is exempt from this Act.

Ill. Admin. Code tit. 14, § 145.806