§ 460.220

Ill. Admin. Code tit. 14, § 460.220

Duration of the Buyers Club Contract

Effective Jun 6, 198610 Ill. Reg. 10957AUTHORITY: Implementing and authorized by the Consumer Fraud and Deceptive Business Practices Act (Ill. Rev. Stat. 1985, ch. 121½, par. 261 et seq.), specifically Section 4 thereof (Ill. Rev. Stat. 1985, ch. 121½, par. 264).ATTORNEY GENERAL

a) Writes a buyers club contract for a term in excess of 5 years from the date the contract is signed.
b) Replaces any current buyers club contract with a new buyers club contract for a term in excess of 5 years from the date the new contract is signed by both parties.

A buyers club engages in an unfair or deceptive act or practice if it:

(Source: Amended at 10 Ill. Reg. 10957, effective June 6, 1986)