CONS FRAUD DECEP BUS-GIFT CERT House SponsorsRep. Kathleen A. Ryg-Sandra M. Pihos-Naomi D. Jakobsson-Lisa M. Dugan-William J. Grunloh, Dan Reitz, John E. Bradley and Brandon W. Phelps 1/11/2005HouseSession Sine Die 815 ILCS 505/2QQ new Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that no person shall sell or issue a gift certificate that is subject to an expiration date. Provides that no gift certificate or any agreement with respect to the gift certificate may contain language suggesting that an expiration date may apply. Provides that fees and penalties shall not be imposed for inactivity with respect to a gift certificate. Provides that the value of a gift certificate that is not redeemed within 3 years is presumed abandoned. Provides that any person who sells a gift certificate shall obtain the address of the owner of the gift certificate and maintain a record of such address. Provides that any person who sells a gift certificate subject to an expiration date shall be fined not more than $500 per occurrence. Defines gift certificate. 2/4/2004HouseFiled with the Clerk by Rep. Kathleen A. Ryg 2/4/2004HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos 2/4/2004HouseAdded Chief Co-Sponsor Rep. Naomi D. Jakobsson 2/4/2004HouseFirst Reading 2/4/2004HouseReferred to Rules Committee 3/23/2004HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan 3/23/2004HouseAdded Chief Co-Sponsor Rep. William J. Grunloh 3/23/2004HouseAdded Co-Sponsor Rep. Dan Reitz 4/20/2004HouseAdded Co-Sponsor Rep. John E. Bradley 5/4/2004HouseAdded Co-Sponsor Rep. Brandon W. Phelps 1/11/2005HouseSession Sine Die