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Sen. John J. Cullerton
Filed: 5/16/2007
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09500HB0830sam003 |
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LRB095 05101 MJR 36487 a |
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| AMENDMENT TO HOUSE BILL 830
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| AMENDMENT NO. ______. Amend House Bill 830, AS AMENDED, |
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| with reference to page and line numbers of Senate Amendment No. |
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| 1, by replacing line 15 on page 1 through line 10 on page 2 with |
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| the following:
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| "(815 ILCS 160/2) (from Ch. 17, par. 7102)
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| Sec. 2. Credit agreements to be in writing. A debtor may |
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| not
maintain an action against a creditor on or in any way |
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| related to a credit agreement unless
the credit agreement is in |
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| writing, expresses an agreement or commitment to
lend money or |
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| extend credit or delay or forbear repayment of money, sets
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| forth the relevant terms and conditions, and is signed by the |
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| creditor and
the debtor. An action that arises out of bad faith |
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| conduct by a creditor intended to benefit the creditor or a |
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| third party, however, is not barred by this Section. Mere |
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| failure to enter into a credit agreement or to provide a |
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| written commitment to a debtor, without more, does not |