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Public Act 102-0128


 

Public Act 0128 102ND GENERAL ASSEMBLY

  
  
  

 


 
Public Act 102-0128
 
HB0572 EnrolledLRB102 10009 BMS 15328 b

    AN ACT concerning regulation.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Sales Finance Agency Act is amended by
adding Section 10.6 as follows:
 
    (205 ILCS 660/10.6 new)
    Sec. 10.6. Companion animals. A licensee shall not
finance, enter into a retail installment contract, or make a
loan for the purchase of a canine or feline. Notwithstanding
any other provision of this Act, if a lender violates this
Section, the financing, retail installment contract, or loan
shall be null and void and the licensee shall have no right to
collect, receive, or retain any principal, interest, or
charges related to the loan, retail installment contract, or
financing.

Effective Date: 1/1/2022