(765 ILCS 1026/15-1206)

Sec. 15-1206. Waiver of interest and penalty. The administrator:

(1) may waive, in whole or in part, interest under subsection (a) of Section 15-1204 and penalties under subsection (b) of Section 15-1204 or Section 15-1; and

(2) shall waive a penalty under subsection (b) of Section 15-1204 if the administrator determines that the holder acted in good faith and without negligence.

(Source: P.A. 100-22, eff. 1-1-18.)