|
Rep. Mary Gill
Filed: 5/8/2024
| | 10300SB2764ham003 | | LRB103 36659 SPS 73236 a |
|
|
1 | | AMENDMENT TO SENATE BILL 2764
|
2 | | AMENDMENT NO. ______. Amend Senate Bill 2764 on page 1, |
3 | | line 5, by replacing "Section 10" with "Sections 10 and 20"; |
4 | | and |
5 | | on page 4, immediately below line 23, by inserting the |
6 | | following: |
7 | | "(815 ILCS 601/20) |
8 | | Sec. 20. Applicability. |
9 | | (a) This Act does not apply to a contract entered into |
10 | | before the effective date of this Act. |
11 | | (b) This amendatory Act of the 93rd General Assembly does |
12 | | not apply to a contract entered into before the effective date |
13 | | of this amendatory Act of the 93rd General Assembly. |
14 | | (c) This Act does not apply to business-to-business |
15 | | contracts. |
16 | | (d) This Act does not apply to banks, trust companies, |
|
| | 10300SB2764ham003 | - 2 - | LRB103 36659 SPS 73236 a |
|
|
1 | | savings and loan associations, savings banks, or credit unions |
2 | | licensed or organized under the laws of any state or the United |
3 | | States, or any foreign bank maintaining a branch or agency |
4 | | licensed or organized under the laws of any state of the United |
5 | | States, or any subsidiary or affiliate thereof. |
6 | | (e) This Act does not apply to a contract that is extended |
7 | | beyond the original term of the contract as the result of the |
8 | | consumer's initiation of a change in the original contract |
9 | | terms. |
10 | | (f) This Act does not apply to a contract for the sale of |
11 | | any product or service by a provider , or an affiliate of the |
12 | | provider, that is subject to Article XIII and XXII of the |
13 | | Public Utilities Act. |
14 | | (g) This Act does not apply to a party, or an affiliate of |
15 | | the party, regulated by the Director of the Department of |
16 | | Insurance. |
17 | | (Source: P.A. 103-70, eff. 1-1-24 .)". |