Ill. Admin. Code tit. 14 § 460.220

Current through Register Vol. 49, No. 2, January 10, 2025

Section 460.220 - Duration of the Buyers Club Contract

A buyers club engages in an unfair or deceptive act or practice if it:

a) Writes a buyers club contract for a term in excess of 5 years from the date the contract is signed.

b) Replaces any current buyers club contract with a new buyers club contract for a term in excess of 5 years from the date the new contract is signed by both parties.

Ill. Admin. Code tit. 14, § 460.220

Amended at 10 Ill. Reg. 10957, effective June 6, 1986