Several wrongs and frauds are being committed against consumers daily in marketplaces. The Illinois Consumer Law was designed to deter the people engaged in activities associated with trade and commerce from taking part in deceptive conduct.
Illinois Consumer Law
The Illinois Consumer Fraud and Deceptive Business Practices Act is also referred to as “the Consumer Fraud Act.” This act was established to provide consumers with a remedy for the atrocities committed against them in transacting business.
These practices could include sales fraud, false advertising, and tampering with the odometer of already used vehicles.
Consumer Protection Acts
The Illinois Consumer Laws were established to protect consumers’ rights from being violated by a number of unlawful practices. Unfortunately, some of the laws and illegal practices that are associated with Consumer Protection in Illinois are.
- The Illinois Consumer Fraud and Deceptive Business Practices Act designs to specifically prohibit certain businesses from partaking in unfair and deceptive practices so that they can sell their goods and services.
- The Consumer Fraud Act imposes specific penalties on individuals or businesses that are found violating the law.
- Equal credit opportunity established to ensure uniformity in the options to raise loans for people deserving of it.
- Whenever an individual is in debt, the creditors are prohibited from requesting information concerning the debtor, such as race, gender, marital status, nationality, etc.
- Finally, the Motor Vehicle Retail Installment Sales Act ensures that companies must specify the amount they charge and other charges and the price of the car.
Deception and False promises
The Consumer Fraud Act was designed to prevent the use of any form of fraud or deception, which may range from omitting any form of fact important to the business transaction dealing and making false promises or pretenses.
Whenever deception is employed in a business transaction, the Consumer is permitted to claim to the court under the act, even if the illegal conduct does not affect the consumer.
Questionable door-to-door sales
The Consumer Fraud Act has been designed to protect consumers from door-to-door sales that might be questionable. The Consumer Fraud Act grants the consumers a grace period of three days, which can terminate the transaction between the consumer and the seller who was physically present in the consumer’s home.
The transaction must involve the sale of merchandise worth a minimum of $25. In addition, however, the consumers must notify concerning their right to terminate the transaction by attaching to the contract or receipt of the transaction a notice of cancelation form with a statement of their right to cancel.
Provided the consumer terminated the transaction by completing the required form within three business days. A refund will be made regarding the payment, check, or traded property within 10 working days. Furthermore, the goods that had been delivered as a result of the transaction should also return.
Pyramid or Chain Sales Scheme
This act prohibits individuals from selling the records of consumers as it pertains to them if the record is obtained at no cost or a particular amount from a consumer reporting agency or governmental agency, except the consumer has been pre-informed of such arrangement in writing.
It requires that a trader offers to sell goods through a periodic payment plan, the terms of which must state on price tags, display, advertisement, and other platforms for describing.
Real Estate transactions
The Act also makes it impossible for lenders in real estate transactions to require that their borrowers procure title insurance from a firm in particular.
This act prohibits utilities such as electric companies and telephone companies from altering your service without going through the required process.
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