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Public Act 095-0508


 

Public Act 0508 95TH GENERAL ASSEMBLY



 


 
Public Act 095-0508
 
SB1464 Enrolled LRB095 09717 LCT 29921 b

    AN ACT concerning business.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Consumer Fraud and Deceptive Business
Practices Act is amended by adding Section 2ZZ as follows:
 
    (815 ILCS 505/2ZZ new)
    Sec. 2ZZ. Mortgage marketing materials.
    (a) No person may send marketing materials to a consumer
indicating that the person is connected to the consumer's
mortgage company, indicating that there is a problem with the
consumer's mortgage, or stating that the marketing materials
contain information concerning the consumer's mortgage, unless
that person sending the marketing materials is actually
employed by the consumer's mortgage company or an affiliate of
the consumer's mortgage company.
    (b) Any person who violates this Section commits an
unlawful practice within the meaning of this Act.

Effective Date: 1/1/2008