(815 ILCS 405/14) (from Ch. 121 1/2, par. 514)
Sec. 14.
The seller shall deliver to the buyer a copy of the retail
installment contract signed by the seller. Any acknowledgment by the buyer
of delivery of a copy of the contract must be printed or written in a size
equal to at least 10 point bold type and, if contained in the contract,
must appear directly above the legend required above the buyer's signature
by Section 3. The buyer's written acknowledgment of
delivery of a copy of the contract conforming to the requirements of this
Act is conclusive proof of that delivery and of compliance with this
Section in any action by or against an assignee of the contract without
knowledge to the contrary when he purchases the contract. Until the seller
delivers a copy of the contract to him, a buyer who has not received
delivery of the goods or has not been furnished or rendered the services
has the right to cancel his agreement and to receive a refund of all
payments made and a return of all goods traded in to the seller on account
of or in contemplation of the contract or, if those goods cannot be
returned, the value thereof. However, this Section shall not apply when
merchandise has been specially ordered or custom made to the specifications
of the purchaser and evidence of such order is provided the seller.
(Source: P.A. 90-437, eff. 1-1-98.)
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