Illinois Suspends Vehicle Repossession Activity During Governor's Disaster Proclamation

Late last week, Illinois Governor JB Pritzker issued Executive Order No. 14, which suspends Illinois statutes governing repossession of vehicles, ordering, as follows:

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.

Another Thank You to Larry Doll and the Illinois Automobile Dealers Association for circulating this important update!