SB1071 EngrossedLRB103 05970 DTM 50992 b

1    AN ACT concerning government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 1. Legislative intent. It is the intent of the
5General Assembly for this amendatory Act of the 103rd General
6Assembly to be enforceable if federal law, including, but not
7limited to, the Fair Credit Reporting Act, does not contradict
8or preempt it.
9    Section 5. The Consumer Fraud and Deceptive Business
10Practices Act is amended by adding Section 2BBBB as follows:
11    (815 ILCS 505/2BBBB new)
12    Sec. 2BBBB. Consumer report inquiries for mortgage or
13automobile loans. No consumer reporting agency may furnish a
14consumer report or contact information that is not requested
15by the consumer if the report or information is being procured
16based in whole or in part on the presence of an inquiry made in
17connection with a residential mortgage loan as defined by
18Section 103 of the Truth in Lending Act (15 U.S.C. 1602) or an
19automobile loan as covered under the Truth in Lending Act. A
20violation of this Section constitutes an unlawful practice
21within the meaning of this Act.