Sen. Emil Jones Jr.
Filed: 10/3/2007
 
 

 




 

 		












09500HB2070sam001

LRB095 01546 MJR 39761 a






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AMENDMENT TO HOUSE BILL 2070 




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    AMENDMENT NO. ______. Amend House Bill 2070  by replacing 
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everything after the enacting clause with the following:

 
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    "Section 5. The Collection Agency Act is amended  by 
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changing Section 3 as follows:
 



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    (225 ILCS 425/3)  (from Ch. 111, par. 2006)


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    (Section scheduled to be repealed on January 1, 2016)

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    Sec. 3. A person, association, partnership,

corporation, 
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or other legal entity acts as a
collection agency when he or 
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it:

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        (a) Engages in the
the business of collection for 
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    others of any account, bill
or other indebtedness;

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        (b) Receives, by assignment or otherwise, accounts, 
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    bills, or other
indebtedness from any person owning or 
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    controlling 20% or more of the
business receiving the 
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    assignment, with the purpose of collecting monies
due on 
 


 






09500HB2070sam001
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LRB095 01546 MJR 39761 a




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    such account, bill or other indebtedness;

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        (c) Sells or attempts to sell, or gives away or 
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    attempts to give away
to any other person, other than one 
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    registered under this Act, any system of
collection, 
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    letters, demand forms, or other printed matter where the 
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    name
of any person, other than that of the creditor, 
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    appears in such a manner
as to indicate, directly or 
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    indirectly, that a request or demand is being
made by any 
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    person other than the creditor for the payment of the sum 
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    or
sums due or asserted to be due;

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        (d) Buys accounts, bills or other indebtedness
 and 
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    engages in collecting the same; or

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        (e) Uses a fictitious name in collecting its own 
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    accounts, bills, or debts
with the intention of conveying 
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    to the debtor that a third party has been
employed to make 
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    such collection.

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(Source: P.A. 94-414, eff. 12-31-05; 95-437, eff. 1-1-08.)".