Bill Title: Amends the Illinois Vehicle Code. Increases the maximum liability of a renter of a vehicle with a manufacturer's suggested retail price of $50,000 or less 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.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB5092 Detail]

Text: Latest bill text (Introduced) [HTML]

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Voting Records

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