House Sponsors: MAUTINO-HULTGREN-HOLBROOK. Senate Sponsors: SYVERSON Short description: MOTOR VEH FINANCING AFFILIATE Synopsis of Bill as introduced: Amends the Illinois Vehicle Code. Defines "motor vehicle fi- nancing affiliate" as a business that purchases new or used motor vehicles on behalf of a dealer or group of dealers and then sells the motor vehicles to the dealer or group of dealers and that meets other criteria. Provides that a motor vehicle financing affiliate must be licensed by the Secretary of State and sets forth licensing require- ments and procedures. Amends the Motor Vehicle Franchise Act to pro- vide that a motor vehicle financing affiliate and a franchisee shall be treated the same for the purposes of the Act. FISCAL NOTE (Secretary of State) The fiscal impact would be $15,000. FISCAL NOTE, H-AM 1 (Secretary of State) Same as previous note. HOUSE AMENDMENT NO. 1. Makes grammatical and technical changes. Last action on Bill: PUBLIC ACT.............................. 91-0415 Last action date: 99-08-06 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status