Section 205 ILCS 740/2.03 - [Section Scheduled to be Repealed 1/1/2026] ExemptionsThis Act does not apply to persons whose collection activities are confined to and are directly related to the operation of a business other than that of a collection agency, and specifically does not include the following:
1.Banks, including trust departments, affiliates, and subsidiaries thereof, fiduciaries, and financing and lending institutions (except those who own or operate collection agencies);2.Abstract companies doing an escrow business;3.Real estate brokers when acting in the pursuit of their profession;4.Public officers and judicial officers acting under order of a court;5.Licensed attorneys at law;7.Credit unions, including affiliates and subsidiaries thereof (except those who own or operate collection agencies);8.Loan and finance companies, including entities licensed pursuant to the Residential Mortgage License Act of 1987;9.Retail stores collecting their own accounts;10.Unit Owner's Associations established under the Condominium Property Act, and their duly authorized agents, when collecting assessments from unit owners; and11.Any person or business under contract with a creditor to notify the creditor's debtors of a debt using only the creditor's name.Renumbered from 225 ILCS 425/2.03 by P.A. 102-0975,§ 95, eff. 1/1/2023.Amended by P.A. 099-0227,§ 945, eff. 8/3/2015.Amended by P.A. 095-0437,§ 5, eff. 1/1/2008.P.A. 89-387, eff. 1-1-96.