Bill Title: Amends the Collateral Recovery Act. Defines "automobile rental company". Provides that the Act does not apply to an automobile rental company or the employee of an automobile rental company when engaged in an activity otherwise covered by the Act if the activity is conducted by the employee on behalf of that automobile rental company. Provides that the Act does not apply to a towing company or towing operator when an employee or agent of an automobile rental company is present at the site from which the vehicle is towed. Provides that the Act does not apply to persons engaged in the recovery of collateral that is incidental to and within the scope of the person's primary business purpose and the primary business purpose is other than repossession. Effective July 1, 2012.

Spectrum: Moderate Partisan Bill (Democrat 10-3)

Status: (Passed) 2012-06-25 - Public Act . . . . . . . . . 97-0708 [SB3249 Detail]

Text: Latest bill text (Chaptered) [HTML]

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