SB2764ham003 103RD GENERAL ASSEMBLY

Rep. Mary Gill

Filed: 5/8/2024

 

 


 

 


 
10300SB2764ham003LRB103 36659 SPS 73236 a

1
AMENDMENT TO SENATE BILL 2764

2    AMENDMENT NO. ______. Amend Senate Bill 2764 on page 1,
3line 5, by replacing "Section 10" with "Sections 10 and 20";
4and
 
5on page 4, immediately below line 23, by inserting the
6following:
 
7    "(815 ILCS 601/20)
8    Sec. 20. Applicability.
9    (a) This Act does not apply to a contract entered into
10before the effective date of this Act.
11    (b) This amendatory Act of the 93rd General Assembly does
12not apply to a contract entered into before the effective date
13of this amendatory Act of the 93rd General Assembly.
14    (c) This Act does not apply to business-to-business
15contracts.
16    (d) This Act does not apply to banks, trust companies,

 

 

10300SB2764ham003- 2 -LRB103 36659 SPS 73236 a

1savings and loan associations, savings banks, or credit unions
2licensed or organized under the laws of any state or the United
3States, or any foreign bank maintaining a branch or agency
4licensed or organized under the laws of any state of the United
5States, or any subsidiary or affiliate thereof.
6    (e) This Act does not apply to a contract that is extended
7beyond the original term of the contract as the result of the
8consumer's initiation of a change in the original contract
9terms.
10    (f) This Act does not apply to a contract for the sale of
11any product or service by a provider, or an affiliate of the
12provider, that is subject to Article XIII and XXII of the
13Public Utilities Act.
14    (g) This Act does not apply to a party, or an affiliate of
15the party, regulated by the Director of the Department of
16Insurance.
17(Source: P.A. 103-70, eff. 1-1-24.)".