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Sen. John J. Cullerton
Filed: 5/15/2007
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09500HB0830sam002 |
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LRB095 05101 MJR 36321 a |
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| AMENDMENT TO HOUSE BILL 830
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| AMENDMENT NO. ______. Amend House Bill 830, AS AMENDED, |
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| with reference to page and line numbers of Senate Amendment No. |
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| 1, by replacing line 15 on page 1 through line 10 on page 2 with |
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| the following:
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| "(815 ILCS 160/2) (from Ch. 17, par. 7102)
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| Sec. 2. Credit agreements to be in writing. A debtor may |
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| not
maintain an action against a creditor on or in any way |
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| related to a credit agreement unless
the credit agreement is in |
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| writing, expresses an agreement or commitment to
lend money or |
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| extend credit or delay or forbear repayment of money, sets
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| forth the relevant terms and conditions, and is signed by the |
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| creditor and
the debtor. An action that arises out of |
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| intentional conduct by a creditor to unjustly benefit the |
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| creditor or a third party, however, is not barred by this |
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| Section. Mere failure to enter into a credit agreement with a |
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| debtor, without more, does not constitute an unjust benefit to |