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1998 Illinois Attorney General Reports and Opinions 1 (1998)

handle is hein.sag/sagil0020 and id is 1 raw text is: OFFICE OF THE ATORNEY GENERAL
Jim Ryan              January 5, 1998
FILE NO. 98-001
Federal Consumer Leasing
Act - Illinois' Motor Vehicle
Leasing Act
The Honorable Beverly Fawell
Chairman, Senate Tran  r   *on C mi e
213 West Wesley, Su e
Wheaton, Illinois    7
Dear Se  or    el :
I have you          erein you inquire whether the
disc1   res requ r d by the Federal Consumer Leasing Act (15
U.S.C.        1 7e) and the regulations promulgated thereunder
are substantially similar to the disclosures required by
Illinois' Motor Vehicle Leasing Act (815 ILCS 636/1 et sea. (West
1996)), thereby permitting Illinois motor vehicle lessors to use
current consumer lease forms based upon the Federal regulations
to satisfy both Federal and State law. For the reasons hereinaf-
ter stated, it is my opinion that the disclosure requirements of
the Consumer Leasing Act and the regulations promulgated thereun-
der are substantially similar to the disclosure requirements of
500 South Second Street, Springfield, Illinois 62706  (217) 782-1090  TTY: (217) 785-2771 * FAX: (217) 782-7046
100 West Randolph Street. Chicago. Illinois 60601 (312) 814-3000 * TT: (312) 814-3374 * FAX: (312) 814-3806
1001 East Main, Carbondale, Illinois 62901  (618) 457-3505 * TIY: (618) 4574421 * FAX: (618) 457-5509  *< 0

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