Bill Title: Amends the Illinois Vehicle Code. Increases the maximum liability of a renter of a vehicle for damages resulting from loss due to theft of the vehicle from $2,000 to the actual and reasonable costs incurred up to the fair market value of the vehicle immediately before the loss occurred, as calculated by a commonly and commercially accepted method to establish a fair market value. Provides that a renter who loses or otherwise fails to secure the keys of a rented motor vehicle shall be liable for any damage to the vehicle as a result of the failure or, if the vehicle is not returned to the person, its fair market value immediately before the loss occurred.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Failed) 2019-01-09 - Session Sine Die [SB1733 Detail]

Text: Latest bill text (Introduced) [HTML]

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