Bill Text: IL HB4917 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Code of Civil Procedure. Provides that the definition of "consumer debt" does not include any money due or owing, or alleged to be due or owing, from a natural person for an arrearage of child support. Provides that the definition of "consumer debt judgment" does not include any judgment entered for an arrearage of child support.
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4917 Detail]
Download: Illinois-2019-HB4917-Introduced.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Code of Civil Procedure is amended by | |||||||||||||||||||
5 | changing Section 2-1303 as follows:
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6 | (735 ILCS 5/2-1303) (from Ch. 110, par. 2-1303)
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7 | Sec. 2-1303. Interest on judgment. | |||||||||||||||||||
8 | (a) Except as provided in subsection (b), judgments | |||||||||||||||||||
9 | recovered in
any court shall draw interest at the rate of 9% | |||||||||||||||||||
10 | per annum from the date
of the judgment until satisfied or 6% | |||||||||||||||||||
11 | per annum when the judgment debtor is a unit
of local | |||||||||||||||||||
12 | government, as defined in Section 1 of Article VII of the | |||||||||||||||||||
13 | Constitution,
a school district, a community college district, | |||||||||||||||||||
14 | or any other governmental
entity. When judgment is entered upon | |||||||||||||||||||
15 | any award, report or verdict, interest
shall be computed at the | |||||||||||||||||||
16 | above rate, from the time when made or rendered
to the time of | |||||||||||||||||||
17 | entering judgment upon the same, and included in the judgment.
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18 | Interest shall be computed and charged only on the unsatisfied | |||||||||||||||||||
19 | portion of
the judgment as it exists from time to time. The | |||||||||||||||||||
20 | judgment debtor may by
tender of payment of judgment, costs and | |||||||||||||||||||
21 | interest
accrued to the date of tender, stop the further | |||||||||||||||||||
22 | accrual of interest on such
judgment notwithstanding the | |||||||||||||||||||
23 | prosecution of an appeal, or other steps to
reverse, vacate or |
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1 | modify the judgment.
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2 | (b)(1) As used in this Section: | ||||||
3 | "Consumer debt" means money or property, or the equivalent, | ||||||
4 | due or owing, or alleged to be due or owing, from a natural | ||||||
5 | person by reason of a transaction in which property, services, | ||||||
6 | or money is acquired by that natural person primarily for | ||||||
7 | personal, family, or household purposes. "Consumer debt" does | ||||||
8 | not include any money due or owing, or alleged to be due or | ||||||
9 | owing, from a natural person for an arrearage of child support. | ||||||
10 | "Consumer debt judgment" means a judgment recovered in any | ||||||
11 | court against one or more natural persons arising out of | ||||||
12 | consumer debt. "Consumer debt judgment" does not include any | ||||||
13 | compensation for bodily injury or death, nor any judgment | ||||||
14 | entered where the debt is guaranteed by or contains a joint and | ||||||
15 | several liability provision between a natural person and a | ||||||
16 | business, whether or not that business is legally constituted | ||||||
17 | under the laws of this State or any other state , or any | ||||||
18 | judgment entered for an arrearage of child support . | ||||||
19 | (2) Notwithstanding subsection (a), consumer debt | ||||||
20 | judgments of $25,000 or less shall draw interest from the date | ||||||
21 | of the judgment until satisfied at the rate of 5% per annum. | ||||||
22 | (3) The judgment debtor may, by tender of payment of | ||||||
23 | judgment, costs, and interest accrued to the date of tender, | ||||||
24 | stop the further accrual of interest on the consumer debt | ||||||
25 | judgment, notwithstanding the prosecution of an appeal, or | ||||||
26 | other steps to reverse, vacate, or modify the judgment. |
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1 | (4) This subsection applies to all consumer debt judgments | ||||||
2 | entered into after the effective date of this amendatory Act of | ||||||
3 | the 101st General Assembly. | ||||||
4 | (Source: P.A. 101-168, eff. 1-1-20 .)
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