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Sen. A. J. Wilhelmi
Filed: 3/25/2009
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09600SB1578sam002 |
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LRB096 11014 MJR 24641 a |
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| AMENDMENT TO SENATE BILL 1578
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| AMENDMENT NO. ______. Amend Senate Bill 1578 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Credit Agreements Act is amended by |
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| changing Section 3.1 as follows:
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| (815 ILCS 160/3.1)
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| Sec. 3.1. Liability; privity of contract. No creditor shall |
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| be liable to
a person not in privity of contract with the
the |
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| creditor for civil damages arising
out of a credit agreement, |
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| or any conditions precedent thereto, except for acts
or conduct |
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| by the creditor that constitute fraud against the person. |
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| (Source: P.A. 89-309, eff. 8-11-95.)".
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