Synopsis As Introduced Amends the Illinois Wage Assignment Act. Provides that an employee may revoke a wage assignment at any time by submitting written notice that he or she is revoking the wage assignment to the creditor. Makes corresponding changes.
Senate Committee Amendment No. 1 Deletes language providing that a wage assignment ends at the expiration of the employer's payroll period ending immediately prior to 84 days after service of such demand. Provides that the wage assignment notice to the employee include specified additional statements. Throughout the bill, changes references to the statutory form for a written revocation of a wage assignment to references to the Revocation Notice Form. Throughout the bill, changes references to a non-form revocation of a wage assignment to references to a written notice of revocation. Makes other changes.
Replaces everything after the enacting clause with the provisions of the introduced bill and Senate Amendment No. 1, and makes the following additional changes: (1) specifies that the provisions apply in situations where the wage assignment is revocable under federal law and makes corresponding changes; (2) provides that the wage assignment notice to the employee include further specified additional statements; and (3) adds an effective date of January 1, 2017.