DURKIN. 205 ILCS 670/20.7 815 ILCS 205/6 from Ch. 17, par. 6413 815 ILCS 375/20.5 new 815 ILCS 405/26.5 new 815 ILCS 505/10a from Ch. 121 1/2, par. 270a Amends the Consumer Installment Loan Act, the Interest Act, the Motor Vehicle Retail Installment Sales Act, the Retail Installment Sales Act, and the Consumer Fraud and Deceptive Business Practices Act. Provides that the total recovery under each Act in any class action or series of class actions arising out of the same or similar violations of the Act by the same lender, seller, holder, or other person shall not be more than the sum of (i) the actual economic damages sustained by members of the class as a result of the violations plus (ii) the lesser of (A) the amount by which the liabilities imposed by the Act if sought in individual actions exceed those actual economic damages, or (B) $500,000, or (C) 1% of the net worth of the person. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-11 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW 98-03-20 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary