103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3236
 
Introduced 2/17/2023, by Rep. Jonathan Carroll
 
SYNOPSIS AS INTRODUCED:
 

 
205 ILCS 660/10.6
815 ILCS 123/15-5-16 new
815 ILCS 405/29.5 new

     Amends the Sales Finance Agency Act. Provides that a licensee shall not assist a person or make loans to assist a person purchasing a canine or feline secured by: (1)  a retail installment contract; (2) a retail charge agreement; or (3) the outstanding balance under a retail installment contract or a retail charge agreement. Amends the Predatory Loan Prevention Act and the Retail Installment Sales Act to make corresponding changes.
  


LRB103 27211 SPS 53581 b

 
 
A BILL FOR
 

  
HB3236LRB103 27211 SPS 53581 b


  
1    AN ACT concerning regulation.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Sales Finance Agency Act is amended by 
5changing Section 10.6 as follows:
 
6    (205 ILCS 660/10.6)
7    Sec. 10.6. Companion animals. 
8    (a) A licensee shall not  assist a person or make loans to 
9assist a person purchasing a canine or feline secured by:
10        (1) a retail installment contract;
11        (2) a retail charge agreement; or
12        (3) the outstanding balance under a retail installment 
13    contract or a retail charge agreement.
14    (b) If a A licensee shall not finance, enter into a retail 
15installment contract, or make a loan for the purchase of a 
16canine or feline. Notwithstanding any other provision of this 
17Act, if a lender violates this Section, the financing, retail 
18installment contract, or loan shall be null and void and the 
19licensee shall have no right to collect, receive, or retain 
20any principal, interest, or charges related to the loan, 
21retail installment contract, or financing.

22(Source: P.A. 102-128, eff. 1-1-22.)
 
 
 
HB3236- 2 -LRB103 27211 SPS 53581 b

1    Section 10. The Predatory Loan Prevention Act is amended 
2by adding Section 15-5-16 as follows:
 
3    (815 ILCS 123/15-5-16 new)
4    Sec. 15-5-16. Prohibition on secured loans for canines and 
5felines. No person or entity shall make a secured loan for the 
6purchase of a canine or feline. Any secured loan made for the 
7purchase of a canine or feline is null and void.
 
8    Section 15. The Retail Installment Sales Act is amended  by 
9adding Section 29.5 as follows:
 
10    (815 ILCS 405/29.5 new)
11    Sec. 29.5. Prohibition on retail installment transactions 
12for canines and felines. No retail seller shall enter into a 
13retail installment transaction for the purchase of a canine or 
14feline. Any retail seller, including his or her assignee or 
15successor in interest, who enters into a retail installment 
16transaction for a canine or feline has no right to collect, 
17receive, or retain any principal, interest, or charges related 
18to the retail installment transaction and the retail 
19installment transaction is null and void.