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90_HB3494eng 815 ILCS 610/7 from Ch. 29, par. 50-7 Amends the Dance Studio Act. Deletes language providing that the maximum payment amount under a contract for dance studio services shall be $2,500. LRB9008766WHsbA HB3494 Engrossed LRB9008766WHsbA 1 AN ACT to amend the Dance Studio Act by changing Section 2 7. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Dance Studio Act is amended by changing 6 Section 7 as follows: 7 (815 ILCS 610/7) (from Ch. 29, par. 50-7) 8 Sec. 7. Prohibited contract provisions. (a) (Blank).
No9 contract for dance studio services shall require payment of a10 total amount in excess of $2500, and every such contract must11 so provide in writing.12 (b) No contract for dance studio services shall require 13 payments or financing over a period in excess of one year 14 from the date the contract is entered into, nor shall the 15 term of any such contract be measured by the life of the 16 customer. The services to be rendered under the contract may 17 not extend over a period of more than one year from the date 18 the parties enter into the contract. Every contract for 19 dance studio services shall include these prohibitions in 20 writing. 21 (c) No contract for dance studio services shall require 22 or entail the execution of any note by the customer which, 23 when separately negotiated, will cut off as to third parties 24 any right of action or defense which the customer may have 25 against the dance studio. No right of action or defense 26 arising out of a contract for dance studio services which the 27 customer has against the studio shall be cut off by 28 assignment of the contract whether or not the assignee 29 acquires the contract in good faith and for value. Such an 30 assignee is not a holder in due course. 31 (Source: P.A. 82-346.)
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