Rep. Frank J. Mautino
Filed: 2/27/2012
 
 

 

 

 
09700HB4963ham001LRB097 17300 CEL 66457 a



1
AMENDMENT TO HOUSE BILL 4963 




2    AMENDMENT NO. ______. Amend House Bill 4963 as follows:


 
3on page 7, by replacing lines 23 through 26 with the following:
 
4    "(h) This Act does not apply to a retail seller of 
5equipment or an employee of a retail seller of equipment, as 
6equipment is defined in Section 9-102 of the Uniform Commercial 
7Code, and lawn and grounds care consumer goods when engaged in 
8an activity otherwise covered by this Act if the activity is 
9limited to the repossession of the type of goods routinely sold 
10by that retail seller in the manner authorized by Section 9-609 
11of the Uniform Commercial Code on behalf of the owner of a 
12security interest in that collateral.
13    (i) This Act does not apply to an entity or the employee of 
14an entity that primarily finances wholesale and retail 
15transactions related to the purchase or lease of equipment 
16manufactured by its affiliate when engaged in an activity 
 
 
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1otherwise covered by this Act if the activity is limited to the 
2repossession of the equipment.".