Bill Text: IL HB4963 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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 7-2)
Status: (Failed) 2013-01-08 - Session Sine Die [HB4963 Detail]
Download: Illinois-2011-HB4963-Amended.html
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 7-2)
Status: (Failed) 2013-01-08 - Session Sine Die [HB4963 Detail]
Download: Illinois-2011-HB4963-Amended.html
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| 1 | AMENDMENT TO HOUSE BILL 4963
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| 2 | AMENDMENT NO. ______. Amend House Bill 4963 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Collateral Recovery Act is amended by | ||||||
| 5 | changing Section 1 as follows:
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| 6 | (225 ILCS 422/1)
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| 7 | (Section scheduled to be repealed on January 1, 2022) | ||||||
| 8 | Sec. 1. Short title. This Act may be cited as the the | ||||||
| 9 | Collateral Recovery Act.
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| 10 | (Source: P.A. 97-576, eff. 7-1-12.)".
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