91st General Assembly
Summary of SB0217
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Senate Sponsors:
SYVERSON.

House Sponsors:
HOFFMAN

Short description: 
MOTOR VEH FINANCING AFFILIATE                                              

Synopsis of Bill as introduced:
        Amends the Illinois  Vehicle  Code  to  define  a  motor  vehicle      
   financing   affiliate.    Provides  that  a  motor  vehicle  financing      
   affiliate must be licensed by the Secretary of  State.   Provides  the      
   requirements  and  procedures to receive a license for a motor vehicle      
   financing affiliate.   Amends  the  Motor  Vehicle  Franchise  Act  to      
   provide  that  a  motor  vehicle  financing affiliate and a franchisee      
   shall be treated the same for the purposes of the Act.                      
        SENATE AMENDMENT NO. 1.                                                
        Amends  the  Illinois  Vehicle  Code  to  make  grammatical   and      
   technical changes to the Section concerned with the licensing of motor      
   vehicle financing affiliates.                                               
          FISCAL NOTE (Secretary of State)                                     
          Fiscal impact would be approximately $15,000.                        
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



 Full Text  Bill Status