HB2070 Engrossed

LRB095 01546 MJR 21548 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 Collection Agency Act is amended  by changing 
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Section 3 as follows:
 



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    (225 ILCS 425/3)  (from Ch. 111, par. 2006)



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    (Section scheduled to be repealed on January 1, 2016)

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    Sec. 3. A person, association, partnership,

corporation, 
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or other legal entity acts as a
collection agency when he, she,

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or it:

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        (a) Engages in the business of collection for others of 
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    any account, bill
or other indebtedness;

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        (b) Receives, by assignment or otherwise, accounts, 
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    bills, or other
indebtedness from any person owning or 
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    controlling 20% or more of the
business receiving the 
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    assignment, with the purpose of collecting monies
due on 
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    such account, bill or other indebtedness;

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        (c) Sells or attempts to sell, or gives away or 
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    attempts to give away
to any other person, other than one 
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    registered under this Act, any system of
collection, 
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    letters, demand forms, or other printed matter where the 
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    name
of any person, other than that of the creditor, 
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    appears in such a manner
as to indicate, directly or 
 


 






HB2070 Engrossed
- 2 -
LRB095 01546 MJR 21548 b




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    indirectly, that a request or demand is being
made by any 
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    person other than the creditor for the payment of the sum 
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    or
sums due or asserted to be due;

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        (d) Buys accounts, bills or other indebtedness
with 
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    recourse and engages in collecting the same; or

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        (e) Uses a fictitious name in collecting its own 
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    accounts, bills, or debts
with the intention of conveying 
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    to the debtor that a third party has been
employed to make 
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    such collection; or .

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        (f) Is (i) an electric utility that served at least 
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    100,000 customers in Illinois on December 31, 2005 or 
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    affiliated with such an electric utility and (ii) 
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    attempting to collect accounts, bills, or debts from retail 
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    electric customers in the service area of the electric 
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    utility company.

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(Source: P.A. 94-414, eff. 12-31-05.)