House Sponsors: DURKIN. Short description: CONSUMER FRAUD-CLASS RECOVERY Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status