225 ILCS 407/15-5

Current through Public Act 103-1052

Section 225 ILCS 407/15-5 - [Section Scheduled to be Repealed 1/1/2030] Representations

An auctioneer or auction firm, or the licensees, agents, or employees of an auctioneer or auction firm, conducting an auction or providing an auction service shall not:

(1) misrepresent a fact material to a purchaser's decision to buy at or by auction;

(2) predict specific or immediate increases in the value of any item offered for sale at auction; or

(3) materially misrepresent the qualities or characteristics of any item offered for sale at auction.

225 ILCS 407/15-5

Amended by P.A. 101-0345,§ 10, eff. 8/9/2019.

Amended by P.A. 096-0730,§ 20, eff. 8/25/2009.

P.A. 91-603, eff. 1-1-00.