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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 20. Unless otherwise limited by this Act, the parties shall have the rights and remedies provided in Article 9 of the Uniform Commercial Code 1 with respect to default and disposition and redemption of collateral. If the holder of a retail installment contract repossesses a motor vehicle that was used as collateral, the holder shall be subject to the requirements of and shall transfer the certificate of title pursuant to Section 3-114 of the Illinois Vehicle Code. 2
Cite this article: FindLaw.com - Illinois Statutes Chapter 815. Business Transactions § 375/20. Remedies upon default; motor vehicle repossession; transfer of certificate of title - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-815-business-transactions/il-st-sect-815-375-20/
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