On March 26, the Governor’s office of the state of Illinois, issued Executive order 14, that amongst other measures, suspended all repossession activity from March 27th until the end of the Gubernatorial Disaster Proclamation.
Section 1. Beginning March 27, 2020 and continuing for the duration of the Gubernatorial Disaster Proclamation, the provisions of the Uniform Commercial Code, 810 ILCS 5/9-609, regarding the possession or usability of a vehicle, and the provisions of the Illinois Vehicle Code, 625 ILCS 5/3-114, regarding the repossession of vehicles, are suspended. No provision contained in this Executive Order shall be construed as relieving any individual of the obligation to make payments or comply with any other obligation that an individual may have pursuant to a loan agreement or otherwise.
Illinois Governor Suspends Repossessions – Illinois Governor Suspends Repossessions – Illinois Governor Suspends Repossessions
Illinois Governor Suspends Repossessions
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