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Current as of January 01, 2022 | Updated by FindLaw Staff
§ 3.1. Motor vehicle financing affiliate. For purposes of this Act, a franchisee and a motor vehicle financing affiliate, as defined in Section 5-100 of the Illinois Vehicle Code, 1 shall be treated as a single entity. That a franchisee arranges to receive motor vehicles through a motor vehicle financing affiliate shall not exempt a manufacturer from the provisions of this Act. A manufacturer shall not require, directly or indirectly, a motor vehicle dealer to contract with a motor vehicle financing affiliate in order to receive its motor vehicles nor shall a manufacturer prevent, directly or indirectly, a motor vehicle dealer from contracting with a motor vehicle financing affiliate in order to receive its motor vehicles. A manufacturer shall not use a motor vehicle financing affiliate as a means of avoiding the provisions and requirements of this Act.
Cite this article: FindLaw.com - Illinois Statutes Chapter 815. Business Transactions § 710/3.1. Motor vehicle financing affiliate - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-815-business-transactions/il-st-sect-815-710-3-1/
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