(205 ILCS 5/38) (from Ch. 17, par. 348)
Sec. 38.
Validation of loans and investments.
Every loan made or obligation or security purchased or discounted in
violation of the provisions of this Act shall be due and payable according
to its terms and the remedy for the recovery of any money loaned or
obligation or security purchased or discounted in violation of the
provisions of this Act or for the enforcement of any agreement, collateral
or otherwise, made in connection with any such loan or obligation or
security shall not be held to be impaired, affected or prohibited by reason
of such violation, but such remedy shall exist notwithstanding the same.
(Source: Laws 1955, p. 83.)
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