Ill. Admin. Code tit. 74 § 760.260
Current through Register Vol. 48, No. 45, November 8, 2024
A loyalty card as defined in the Act is not a stored value card and is exempt from being reported and remitted. The exemption from the Act for loyalty cards does not apply to a "rebate card" as defined in Section 2LLL of the Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505 ] as rebate cards are given for the direct monetary consideration of the consumer's purchase of a product or service.
Ill. Admin. Code tit. 74, § 760.260