There is no minimum interest rate imposed by Illinois law. However, if the interest charged is less than the applicable federal rate published...

Developer relocated major appliances after purchase agreement is signed

Your rights and responsibilities are defined by the contract you and the developer signed. However, to the extent that the terms of the contract...

LATE FEES

Your posting says that you live in Chicago. Accordingly, unless your apartment meets one of the exclusions from the ordinance, the Chicago...

The nursing home cannot go after the money given as a gift. However, to the extent that Illinois Medicaid funds are needed to pay for your nursing...

I having a problem with my landlord?

Your landlord will have to serve you with an appropriate notice, in order to terminate your tenancy. The notice can either be served upon you...

If I have my estate set up in a trust, will my heirs avoid paying additional taxes to the government upon my death?

Your question is one which requires review of the facts of the situation for an accurate answer. Generally, whether a trust is used or not, if you...

Statute of limitations for Contracts in IL is?

The Illinois statute of limitations for a written contract is generally 10 years. For an oral contract, the statute of limitations is generally...

What is or is there a statute of limitation for collection agencies regarding auto repos?

Although it would be necessary to review the documents you signed when you purchased the vehicle to confirm this, generally these constitute a...

I'm in a 9 unit condo. Can the Condo Board of 3 change the rules and regs without the unit owners being able to vote?

Unfortunately, the answer is yes. The Board must submit proposed rules to unit owners for their input at a meeting of unit owners, but even if the...

How the bank can recover back the debt from the deceased i.e (borrower) ? the deceased have left the property such as house

It is not clear from the question how long the decedent has been deceased nor whether a probate estate was opened. Illinois has a claims bar date...