815 ILCS 405/18

(815 ILCS 405/18) (from Ch. 121 1/2, par. 518)

Sec. 18. All defenses available against a holder in due course of a negotiable instrument under subsection (2) of Section 3-305 of the Uniform Commercial Code are available to a buyer under a retail installment contract notwithstanding any agreement to the contrary.

(Source: Laws 1967, p. 2149.)