Bill Amendment: IL SB2234 | 2023-2024 | 103rd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: BUSINESS TRUTH IN LENDING ACT

Status: 2024-05-31 - Rule 19(a) / Re-referred to Rules Committee [SB2234 Detail]

Download: Illinois-2023-SB2234-Senate_Amendment_001.html

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Sen. Laura Ellman

Filed: 3/1/2023

10300SB2234sam001 LRB103 28770 BMS 57590 a
AMENDMENT TO SENATE BILL 2234
AMENDMENT NO. ______. Amend Senate Bill 2234 on page 5,
line 17, after "State", by inserting "; or a subsidiary or
affiliate of such an organization"; and
on page 6, immediately below line 13, by inserting the
following:
"(8) A purchase-money obligation as defined in Section
9-103 of the Uniform Commercial Code.
(9) A commercial financing product offered by a person
in connection with the sale or lease of products or
services that the person manufactures, licenses, or
distributes or whose parent company or any of the parent
company's directly or indirectly owned and controlled
subsidiaries manufactures, licenses, or distributes."; and
on page 6, line 14, by replacing "(8)" with "(10)"; and

10300SB2234sam001 - 2 - LRB103 28770 BMS 57590 a
on page 6, line 17, by replacing "(9)" with "(11)"; and
on page 6, line 18, by replacing "$2,500,000" with "$500,000";
and
on page 6, line 19, by replacing "(10)" with "(12)".