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IL HB0743

Bill

Official Source

Status

Introduced

2/8/2021

Primary Sponsor

Jonathan Carroll

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Prohibits sales finance agencies from financing, entering into retail installment contracts, or making loans for the purchase of companion animals as defined by the Humane Care for Animals Act.

  • Makes any financing, retail installment contract, or loan for companion animal purchases null and void if a licensee violates this prohibition.

  • Eliminates the licensee's right to collect, receive, or retain any principal, interest, or charges related to companion animal purchase financing that violates this section.

  • Amends the Sales Finance Agency Act by adding Section 10.6.

Legislative Description

SALES FINANCE AGENCY ACT

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/27/2021

Committee Referrals

Rules3/27/2021
Financial Protection3/8/2021
Consumer Protection3/2/2021
Rules2/10/2021

Full Bill Text

No bill text available