Bill Title: Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. Effective immediately.

Spectrum: Partisan Bill (Democrat 18-0)

Status: (Passed) 2010-04-13 - Public Act . . . . . . . . . 96-0888 [SB1578 Detail]

Text: Latest bill text (Enrolled) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	Concurrence in Senate	2010-03-25	57	0	2	0	59	Passed	Link	View
House	Third Reading in House	2010-03-24	117	0	1	0	118	Passed	Link	View
Senate	Third Reading in Senate	2009-04-02	51	0	3	0	54	Passed	Link	View

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