Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE14. COMMERCE |
PART135. REGULATIONS UNDER THE BUSINESS OPPORTUNITY SALES LAW OF 1995 |
SUBPARTC. REGISTRATION OF BUSINESS OPPORTUNITIES |
§135.351. Additional Required Disclosure from Seller-Guarantors
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In addition to filing the information specified in Section 5-35(b) of the Act, sellers who guarantee the business opportunity shall be required to provide the following information as an addendum to the disclosure document including a description of the nature of the guarantee, including, without limitation, the source of funds and other obligations and contingent and off-balance sheet obligations, which, if matured or liquidated, could impair the ability of the guarantor to perform.