§460.220. Duration of the Buyers Club Contract

Latest version.

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

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.

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

                    
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