90th General Assembly
Status of HB3136
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LANG-MEYER.

   625 ILCS 5/3-114          from Ch. 95 1/2, par. 3-114                       
   815 ILCS 120/6            from Ch. 17, par. 856                             
   815 ILCS 375/20           from Ch. 121 1/2, par. 580                        

        Amends the Illinois Vehicle Code in provisions regarding transfer      
   of title. Provides that after repossession, if the buyer has  paid  an      
   amount  equal  to  30%  or  more  of  the  deferred payment price, the      
   required 21 day notice shall include the amount of all  back  payments      
   and  late  charges owed, the amount due for the costs of repossession,      
   the total amount due to recover the vehicle,  the  address  where  the      
   buyer  may  bring  the  total  amount  due  to recover the repossessed      
   vehicle, and a statement that the buyer may not  have  any  rights  to      
   recover  the  repossessed vehicle after the expiration of 21 days from      
   the date of the notice.  Amends the Illinois Fairness in  Lending  Act      
   and  the  Motor  Vehicle Retail Installment Sales Act to remove notice      
   requirements after repossession when the buyer has paid 30% or more of      
   the  deferred  payment  price,  and  instead  reference   the   notice      
   requirement in the Illinois Vehicle Code.  Effective immediately.           
   98-02-10  H  FIRST READING                                                  
   98-02-10  H  ADDED AS A JOINT SPONSOR                 MEYER                 
   98-02-10  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-01-12  H  SESSION SINE DIE                                               

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 Full Text  Bill Summary