Full Text of HB2070 95th General Assembly
HB2070sam001 95TH GENERAL ASSEMBLY
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Sen. Emil Jones Jr.
Filed: 10/3/2007
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09500HB2070sam001 |
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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 | 3 |
| everything after the enacting clause with the following:
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| "Section 5. The Collection Agency Act is amended by | 5 |
| 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| (Section scheduled to be repealed on January 1, 2016)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, | 9 |
| or other legal entity acts as a
collection agency when he or | 10 |
| it:
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| (a) Engages in the
the business of collection for | 12 |
| others of any account, bill
or other indebtedness;
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| (b) Receives, by assignment or otherwise, accounts, | 14 |
| bills, or other
indebtedness from any person owning or | 15 |
| controlling 20% or more of the
business receiving the | 16 |
| assignment, with the purpose of collecting monies
due on |
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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 | 3 |
| attempts to give away
to any other person, other than one | 4 |
| registered under this Act, any system of
collection, | 5 |
| letters, demand forms, or other printed matter where the | 6 |
| name
of any person, other than that of the creditor, | 7 |
| appears in such a manner
as to indicate, directly or | 8 |
| indirectly, that a request or demand is being
made by any | 9 |
| person other than the creditor for the payment of the sum | 10 |
| or
sums due or asserted to be due;
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| (d) Buys accounts, bills or other indebtedness
and | 12 |
| engages in collecting the same; or
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| (e) Uses a fictitious name in collecting its own | 14 |
| accounts, bills, or debts
with the intention of conveying | 15 |
| to the debtor that a third party has been
employed to make | 16 |
| such collection.
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| (Source: P.A. 94-414, eff. 12-31-05; 95-437, eff. 1-1-08.)".
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