SB1578sam002 96TH GENERAL ASSEMBLY

Sen. A. J. Wilhelmi

Filed: 3/25/2009

09600SB1578sam002 LRB096 11014 MJR 24641 a

AMENDMENT TO SENATE BILL 1578

AMENDMENT NO. ______. Amend Senate Bill 1578 by replacing everything after the enacting clause with the following:

"Section 5. The Credit Agreements Act is amended by changing Section 3.1 as follows:

(815 ILCS 160/3.1)

Sec. 3.1. Liability; privity of contract. No creditor shall be liable to a person not in privity of contract with the the creditor for civil damages arising out of a credit agreement, or any conditions precedent thereto, except for acts or conduct by the creditor that constitute fraud against the person.

(Source: P.A. 89-309, eff. 8-11-95.)".