Illinois General Assembly - Bill Status for HB4900

Synopsis As Introduced
Amends the Motor Vehicle Retail Installment Sales Act. Provides that there is an affirmative obligation and duty to disclose to an obligor under a retail installment contract: (i) any agreement to sell, assign, or otherwise transfer the contract to a third party for an amount that is equal to, in excess of, or less than the amount financed under the contract, (ii) that the assignee may pay the seller all or a portion of the prepaid finance charges and other fees, and (iii) the applicable buy rate, annual percentage rate, and yield spread premium. Deletes a provision concerning a violation of the Act, and adds a provision making a violation of the Act an unfair and deceptive act or practice in violation of the Consumer Fraud and Deceptive Business Practices Act (and amends the Consumer Fraud and Deceptive Business Practices Act accordingly). Makes other changes.

Actions

Date	Chamber	Action
2/4/2004	House	Filed with the Clerk by Rep. Marlow H. Colvin
2/4/2004	House	Chief Co-Sponsor Rep. David E. Miller
2/4/2004	House	Chief Co-Sponsor Rep. Linda Chapa LaVia
2/4/2004	House	Chief Co-Sponsor Rep. Monique D. Davis
2/4/2004	House	Co-Sponsor Rep. Patricia Bailey
2/4/2004	House	Co-Sponsor Rep. Annazette Collins
2/4/2004	House	Co-Sponsor Rep. William Davis
2/4/2004	House	Co-Sponsor Rep. Kenneth Dunkin
2/4/2004	House	Co-Sponsor Rep. Mary E. Flowers
2/4/2004	House	Co-Sponsor Rep. Deborah L. Graham
2/4/2004	House	Co-Sponsor Rep. Constance A. Howard
2/4/2004	House	Co-Sponsor Rep. Robin Kelly
2/4/2004	House	Co-Sponsor Rep. Joseph M. Lyons
2/4/2004	House	Co-Sponsor Rep. Charles G. Morrow, III
2/4/2004	House	Co-Sponsor Rep. Elaine Nekritz
2/4/2004	House	Co-Sponsor Rep. Robert Rita
2/4/2004	House	Co-Sponsor Rep. Kathleen A. Ryg
2/4/2004	House	Co-Sponsor Rep. Cynthia Soto
2/4/2004	House	Co-Sponsor Rep. Eddie Washington
2/4/2004	House	Co-Sponsor Rep. Karen A. Yarbrough
2/4/2004	House	Co-Sponsor Rep. Wyvetter H. Younge
2/4/2004	House	Sponsor Removed Rep. Kenneth Dunkin
2/5/2004	House	First Reading
2/5/2004	House	Referred to Rules Committee
2/9/2004	House	Assigned to Consumer Protection Committee
2/24/2004	House	Added Co-Sponsor Rep. Maria Antonia Berrios
3/3/2004	House	Tabled By Sponsor Rep. Marlow H. Colvin

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