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IL HB0572

Bill

Official Source

Status

Passed

7/23/2021

Primary Sponsor

Jonathan Carroll

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Prohibits licensees under the Sales Finance Agency Act from financing, entering into retail installment contracts, or making loans for the purchase of dogs or cats

  • Voids any financing agreement, retail installment contract, or loan that violates this prohibition

  • Prevents lenders from collecting, receiving, or retaining any principal, interest, or charges related to voided pet financing arrangements

Legislative Description

SALES FINANCE AGENCY ACT-PETS

Last Action

Public Act . . . . . . . . . 102-0128

7/23/2021

Committee Referrals

Commerce5/11/2021
Assignments4/19/2021
Consumer Protection3/2/2021
Rules2/8/2021

Full Bill Text

No bill text available