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Illinois Compiled Statutes

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Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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225 ILCS 425/2.03

    (225 ILCS 425/2.03) (from Ch. 111, par. 2005)
    (Section scheduled to be repealed on January 1, 2026)
    Sec. 2.03. Exemptions. This 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;
        6. Insurance companies;
        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; and
        11. Any person or business under contract with a
creditor to notify the creditor's debtors of a debt using only the creditor's name.
(Source: P.A. 99-227, eff. 8-3-15.)