Bill Amendment: IL SB0141 | 2015-2016 | 99th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: BUSINESS-TECH
Status: 2016-07-31 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB0141 Detail]
Download: Illinois-2015-SB0141-Senate_Amendment_001.html
Bill Title: BUSINESS-TECH
Status: 2016-07-31 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB0141 Detail]
Download: Illinois-2015-SB0141-Senate_Amendment_001.html
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| 1 | AMENDMENT TO SENATE BILL 141
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 141 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Uniform Commercial Code is amended by | ||||||
| 5 | changing Section 9-609 as follows:
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| 6 | (810 ILCS 5/9-609)
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| 7 | Sec. 9-609. Secured party's right to take possession after | ||||||
| 8 | default.
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| 9 | (a) Possession; rendering equipment unusable; disposition | ||||||
| 10 | on
debtor's premises. After default, a secured party:
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| 11 | (1) may take possession of the collateral; and
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| 12 | (2) without removal, may render equipment unusable and
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| 13 | dispose of collateral on a debtor's premises under Section | ||||||
| 14 | 9-610.
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| 15 | A secured party may not disable or render unusable any | ||||||
| 16 | computer program or other similar device embedded in the | ||||||
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| 1 | collateral if immediate injury to any person or property is a | ||||||
| 2 | reasonably foreseeable consequence of such action. A secured | ||||||
| 3 | party who disables or renders unusable such a computer program | ||||||
| 4 | or other similar device in such circumstances shall be liable | ||||||
| 5 | in accordance with applicable rules of law to any person who | ||||||
| 6 | sustains an injury to person or property as a reasonably | ||||||
| 7 | foreseeable result of the secured party's action. | ||||||
| 8 | A secured party shall not disable a vehicle by using | ||||||
| 9 | starter interrupt technology unless the secured party complies | ||||||
| 10 | with all of the following: | ||||||
| 11 | (A) At the time of the sale, the secured party provides | ||||||
| 12 | the buyer written notice of both of the following: | ||||||
| 13 | (i) That the vehicle is equipped with starter | ||||||
| 14 | interrupt technology that the secured party can use to | ||||||
| 15 | shut down the vehicle remotely. | ||||||
| 16 | (ii) That a warning will be provided no less than | ||||||
| 17 | 48 hours before the use of the starter interrupt | ||||||
| 18 | technology to shut down the vehicle remotely and the | ||||||
| 19 | manner and method in which that warning will occur. The | ||||||
| 20 | secured party shall offer the buyer a choice of warning | ||||||
| 21 | methods, including warning from the device, telephone | ||||||
| 22 | call, e-mail, or text message, if available, provided | ||||||
| 23 | that the warning method does not violate applicable | ||||||
| 24 | State or federal law. | ||||||
| 25 | (B) At least 30 days prior to disabling the vehicle for | ||||||
| 26 | the buyer's failure to tender timely loan repayments, the | ||||||
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| 1 | secured party provides the buyer written notice of all of | ||||||
| 2 | the following: | ||||||
| 3 | (i) That the loan is past due. | ||||||
| 4 | (ii) That the secured party may use starter | ||||||
| 5 | interrupt technology to disable the vehicle within 30 | ||||||
| 6 | days after the mailing date of the notice. | ||||||
| 7 | (iii) The amount currently due on the loan. | ||||||
| 8 | (iv) The acceptable forms of payment of the amount | ||||||
| 9 | currently due. | ||||||
| 10 | (v) That the vehicle will not be disabled if the | ||||||
| 11 | buyer tenders the amount currently due on the loan to | ||||||
| 12 | the secured party in an acceptable form of payment | ||||||
| 13 | within 30 days after the mailing date of the notice. | ||||||
| 14 | (vi) That, if the loan is not paid, a warning will | ||||||
| 15 | be provided using the warning method specified at the | ||||||
| 16 | time of sale to the buyer no less than 48 hours before | ||||||
| 17 | the use of the starter interrupt technology to shut | ||||||
| 18 | down the vehicle remotely. | ||||||
| 19 | In the event of an emergency, the buyer will be provided | ||||||
| 20 | with the ability to start a secured party-disabled vehicle for | ||||||
| 21 | no less than 24 hours after the vehicle's initial disablement. | ||||||
| 22 | (b) Judicial and nonjudicial process. A secured party may
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| 23 | proceed under subsection (a):
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| 24 | (1) pursuant to judicial process; or
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| 25 | (2) without judicial process, if it proceeds without | ||||||
| 26 | breach of
the peace.
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| 1 | (c) Assembly of collateral. If so agreed, and in any event | ||||||
| 2 | after
default, a secured party may require the debtor to | ||||||
| 3 | assemble the collateral and make
it available to the secured | ||||||
| 4 | party at a place to be designated by the secured party
which is | ||||||
| 5 | reasonably convenient to both parties.
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| 6 | (Source: P.A. 91-893, eff. 7-1-01.)".
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