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Public Act 102-0128
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| HB0572 Enrolled | LRB102 10009 BMS 15328 b |
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AN ACT concerning regulation.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Sales Finance Agency Act is amended by |
adding Section 10.6 as follows:
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(205 ILCS 660/10.6 new) |
Sec. 10.6. Companion animals. A licensee shall not |
finance, enter into a retail installment contract, or make a |
loan for the purchase of a canine or feline. Notwithstanding |
any other provision of this Act, if a lender violates this |
Section, the financing, retail installment contract, or loan |
shall be null and void and the licensee shall have no right to |
collect, receive, or retain any principal, interest, or |
charges related to the loan, retail installment contract, or |
financing.
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