5 ILCS 420/1-104.3

Current through Public Act 103-1052
Section 5 ILCS 420/1-104.3

"Creditor" means, for the purposes of Sections 4A-102 and 4A-103, an individual, organization, or other business entity to whom money or its equivalent is owed, no matter whether that obligation is secured or unsecured, except that if a filer makes a loan to members of his or her family, then that filer does not, by making such a loan, become a creditor of that individual for the purposes of Sections 4A-102 and 4A-103 of this Act.

5 ILCS 420/1-104.3

Added by P.A. 102-0664,§ 5, eff. 1/1/2022.