Illinois § 32.1
Full text of Illinois Illinois Compiled Statutes § 32.1, with citation guidance and answers to common questions.
§ 32.1.
Loans to single individuals. (a) For purposes of this Section, "single" means not currently married. (b) No State bank shall require that single individuals who have reached the age of majority to whom loans are made have cosigners on promissory notes negotiated to secure such loans unless such bank shall, under the same or similar circumstances, also require that single males who have reached the age of majority have cosigners on promissory notes negotiated to secure loans. (Source: P.A. 104-310, eff. 8-15-25.)
Frequently Asked Questions About Illinois § 32.1
What does Illinois Compiled Statutes § 32.1 cover?
Section 32.1 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 32.1?
A common citation format is "Illinois Compiled Statutes § 32.1" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 32.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.