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815 ILCS 636/ – Motor Vehicle Leasing Act | Midpage
Collections
Illinois Compiled Statutes
Business and Employment
Chapter 815
636
815 ILCS 636/
Motor Vehicle Leasing Act
1
Short title
10.10
Average periodic depreciation
10.100
Realized value
10.105
Renegotiation
10.110
Residual value
10.115
Single payment lease
10.120
Vehicle or motor vehicle
10.125
815 Ilcs 636/10.125
10.15
Average periodic lease charge
10.20
Base lease payment
10.25
Capitalized cost
10.30
Capitalized cost reduction
10.35
Conspicuous
10.40
Constant yield method
10.45
Consumer lease
10.5
Adjusted capitalized cost
10.50
Consumer Leasing Act
10.55
Gap amount
10.60
Gap protection
10.65
Group credit insurance
10.70
Holder
10.75
Lease charge
10.80
Lessee
10.85
Lessor
10.90
Person
10.95
Precomputed lease transaction
10
Definitions and rules of construction
15
815 Ilcs 636/15
20
Total loss notice and waiver of the gap amount
25
Requirements for a consumer lease
30
Security interest prohibited
35
Notice of lessee's default and right to cure
37
Military personnel in military service; termination of lease
40
Establishment of realized value at lease termination when purchase option not exercised
45
Restriction on early termination liability
5
Statement of intent
50
Restriction on the reporting of early terminations
55
Assessment of excess wear and damage to the vehicle
60
Satisfaction of consumer lease
65
Renegotiations and extensions
70
Preservation of claims and defenses
75
Enforcement
85
Supplementary general principles of law applicable
90
Construction against implicit repeal
95
Severability
999
Effective date