Bill Amendment: IL HB4922 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: CONS FRAUD REBATE STORED VALUE
Status: 2018-11-28 - Total Veto Stands - No Positive Action Taken [HB4922 Detail]
Download: Illinois-2017-HB4922-House_Amendment_001.html
Bill Title: CONS FRAUD REBATE STORED VALUE
Status: 2018-11-28 - Total Veto Stands - No Positive Action Taken [HB4922 Detail]
Download: Illinois-2017-HB4922-House_Amendment_001.html
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1 | AMENDMENT TO HOUSE BILL 4922
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2 | AMENDMENT NO. ______. Amend House Bill 4922 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Consumer Fraud and Deceptive Business | ||||||
5 | Practices Act is amended by changing Section 2LLL as follows:
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6 | (815 ILCS 505/2LLL) | ||||||
7 | Sec. 2LLL. Retail rebates. | ||||||
8 | (a) In this Section, "rebate card" means a card, code, or | ||||||
9 | other device that is issued both (i) to a consumer in | ||||||
10 | connection with the consumer's purchase of a product or service | ||||||
11 | and the consumer's completion of the rebate submission process | ||||||
12 | as part of a rebate program operated or administered by a | ||||||
13 | merchant or product manufacturer and (ii) on a prepaid basis | ||||||
14 | primarily for personal, family, or household purposes to a | ||||||
15 | consumer in a specified amount, whether or not that amount may | ||||||
16 | be increased or reloaded, and is redeemable upon presentation |
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1 | at multiple unaffiliated merchants for goods or services or | ||||||
2 | usable at automated teller machines. "Rebate card" does not | ||||||
3 | include (i) a payroll card as defined in the Illinois Wage | ||||||
4 | Payment and Collection Act, (ii) a gift card as defined in the | ||||||
5 | Revised Uniform Unclaimed Property Act, (iii) a stored-value | ||||||
6 | card, as defined in the Revised Uniform Unclaimed Property Act, | ||||||
7 | that is not issued to a consumer in connection with (1) the | ||||||
8 | consumer's purchase of a product or service and (2) the | ||||||
9 | consumer's completion of the rebate submission process as part | ||||||
10 | of a rebate program operated or administered by a merchant or | ||||||
11 | product manufacturer, or (iv) in-store credit for returned | ||||||
12 | merchandise redeemable for merchandise, goods, or services | ||||||
13 | upon presentation at a single merchant or an affiliated group | ||||||
14 | of merchants. | ||||||
15 | (b) Any person who offers a rebate to consumers at retail | ||||||
16 | on any merchandise must conspicuously display and clearly | ||||||
17 | disclose to the consumer the type of rebate being offered, | ||||||
18 | whether additional fees may apply on the rebate offered, and | ||||||
19 | the form of remittance that will be provided to the consumer. | ||||||
20 | (c) It is an unlawful practice within the meaning of this | ||||||
21 | Act for any person to offer to consumers at retail a rebate | ||||||
22 | when the rebate is made on a rebate card that charges dormancy | ||||||
23 | fees or other post-issuance fees, except fees for card | ||||||
24 | replacement. | ||||||
25 | (d) Any person who violates this Section commits an | ||||||
26 | unlawful practice within the meaning of this Act.
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1 | (Source: P.A. 97-308, eff. 1-1-12.)".
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