Loading chat...
IL HB0681
Bill
Status
2/5/2021
Primary Sponsor
Jeff Keicher
Click for details
AI Summary
-
Amends the Code of Civil Procedure to clarify that child support arrearages are excluded from the definition of "consumer debt."
-
Excludes child support arrearage judgments from the definition of "consumer debt judgment" so they are not subject to reduced interest rates.
-
Ensures child support arrearages continue to accrue interest at the standard 9% per annum rate rather than the 5% rate applied to consumer debt judgments of $25,000 or less.
-
States the bill's purpose is to clarify that Public Act 101-168's changes to consumer debt judgment interest rates did not apply to child support arrearages in order to protect children's interests.
Legislative Description
CONSUMER DEBT-CHILD SUPPORT
Last Action
Rule 19(b) / Motion Referred to Rules Committee
11/29/2021