Y2K CITIZENS PROTECTION ACT
Synopsis of Bill as introduced:
Creates the Year 2000 Citizens' Protection Act. Prohibits a
person or entity from initiating any foreclosure proceeding, default,
or other adverse action in certain matters, or initiating any adverse
or enforcement action or negative credit reporting against any person
who fails to or who is unable to cause payment, acts, forbearance, or
other financial transactions to occur in a timely manner if the
failure to make payments or take other action is due to the failure of
an electronic computing device to compute, recognize, or timely
process the year 2000 date change. Contains provisions concerning
applicability, exceptions, and conflicts with other laws. The Act is
repealed on January 1, 2007. Effective immediately.
FISCAL NOTE (Administrative Office of Ill. Courts)
This bill would not have a fiscal impact on the Courts.
FISCAL NOTE (Dept. of Commerce and Community Affairs)
HB487 will not have a fiscal impact on DCCA.
HOUSE AMENDMENT NO. 1.
Makes numerous changes in provisions prohibiting specified forms
of conduct against persons who are unable to cause payments or other
financial transactions to occur due to the failure of an electronic
computing device to compute, recognize, or process the year 2000 date
CORRECTIONAL NOTE, H-AM 1 (Dept. of Corrections)
There will be no fiscal or prison population impact.
STATE MANDATES NOTE, H-AM 1
(Department of Commerce and Community Affairs)
HB 487 (H-am 1) does not create a State mandate.
JUDICIAL NOTE, H-AM 2 (Administrative Office of Ill. Courts)
It is not possible To determine impact on the increase in
the number of judges needed.
HOUSE AMENDMENT NO. 2.
Deletes everything. Inserts similar provisions, except: applies
certain protections to small businesses; changes the nature and scope
of limitations on actions against individuals and small businesses;
changes provisions concerning credit reporting agencies; makes other
STATE DEBT NOTE, H-AM 2 (Economic and Fiscal Commission)
HB 487 (H-am 2) would not affect the level of State indebted-
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0
END OF INQUIRY
Full Text Bill Status