(Text of Section after amendment by P.A. 104-149)

This Act does not apply to the following:

1. Banks, including trust departments, affiliates, and subsidiaries thereof, and fiduciaries (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. Persons licensed pursuant to the Residential Mortgage License Act of 1987 when engaged in activity authorized under that Act; 9. Retail sellers collecting on retail installment contracts or retail charge agreements originated by the retail seller; 10. Unit Owner's Associations established under the Condominium Property Act, and their duly authorized agents, when collecting assessments from unit owners; 11. Any person under contract with a creditor to notify the creditor's debtors of a debt using only the creditor's name; 12. Persons licensed pursuant to the Sales Finance Agency Act when engaged in collection of accounts purchased or loans they made pursuant to that Act; 13. Persons licensed pursuant to the Student Loan Servicing Act when engaged in activity authorized under that Act; 14. Persons licensed pursuant to the Consumer Installment Loan Act when engaged in collection of loans that they originated under that Act; 15. Persons engaged in the business of originating loans of money pursuant to the Interest Act when engaged in collecting loans that they originated under that Act; 16. Motor vehicle retail sellers collecting motor vehicle retail installment contracts originated by the motor vehicle retail seller; 17. Any person licensed pursuant to the Consumer Legal Funding Act when engaged in activity authorized by that Act; 18. Any person licensed pursuant to the Pawnbroker Regulation Act of 2023 when engaged in activity authorized by that Act; and 19. Any person identified by the Department by rule.

(was 225 ILCS 425/2.03)

(Source: P.A. 104-149, eff. 1-1-26.)