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| | SB1071 Engrossed | | LRB103 05970 DTM 50992 b |
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| 1 | | AN ACT concerning government.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 1. Legislative intent. It is the intent of the |
| 5 | | General Assembly for this amendatory Act of the 103rd General |
| 6 | | Assembly to be enforceable if federal law, including, but not |
| 7 | | limited to, the Fair Credit Reporting Act, does not contradict |
| 8 | | or preempt it.
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| 9 | | Section 5. The Consumer Fraud and Deceptive Business |
| 10 | | Practices Act is amended by adding Section 2BBBB as follows:
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| 11 | | (815 ILCS 505/2BBBB new) |
| 12 | | Sec. 2BBBB. Consumer report inquiries for mortgage or |
| 13 | | automobile loans. No consumer reporting agency may furnish a |
| 14 | | consumer report or contact information that is not requested |
| 15 | | by the consumer if the report or information is being procured |
| 16 | | based in whole or in part on the presence of an inquiry made in |
| 17 | | connection with a residential mortgage loan as defined by |
| 18 | | Section 103 of the Truth in Lending Act (15 U.S.C. 1602) or an |
| 19 | | automobile loan as covered under the Truth in Lending Act. A |
| 20 | | violation of this Section constitutes an unlawful practice |
| 21 | | within the meaning of this Act.
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