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Rep. Mary Gill
Filed: 5/8/2024
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| 1 | | AMENDMENT TO SENATE BILL 2764
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2764 on page 1, |
| 3 | | line 5, by replacing "Section 10" with "Sections 10 and 20"; |
| 4 | | and
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| 5 | | on page 4, immediately below line 23, by inserting the |
| 6 | | following:
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| 7 | | "(815 ILCS 601/20) |
| 8 | | Sec. 20. Applicability. |
| 9 | | (a) This Act does not apply to a contract entered into |
| 10 | | before the effective date of this Act. |
| 11 | | (b) This amendatory Act of the 93rd General Assembly does |
| 12 | | not apply to a contract entered into before the effective date |
| 13 | | of this amendatory Act of the 93rd General Assembly. |
| 14 | | (c) This Act does not apply to business-to-business |
| 15 | | contracts. |
| 16 | | (d) This Act does not apply to banks, trust companies, |
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| 1 | | savings and loan associations, savings banks, or credit unions |
| 2 | | licensed or organized under the laws of any state or the United |
| 3 | | States, or any foreign bank maintaining a branch or agency |
| 4 | | licensed or organized under the laws of any state of the United |
| 5 | | States, or any subsidiary or affiliate thereof. |
| 6 | | (e) This Act does not apply to a contract that is extended |
| 7 | | beyond the original term of the contract as the result of the |
| 8 | | consumer's initiation of a change in the original contract |
| 9 | | terms. |
| 10 | | (f) This Act does not apply to a contract for the sale of |
| 11 | | any product or service by a provider, or an affiliate of the |
| 12 | | provider, that is subject to Article XIII and XXII of the |
| 13 | | Public Utilities Act. |
| 14 | | (g) This Act does not apply to a party, or an affiliate of |
| 15 | | the party, regulated by the Director of the Department of |
| 16 | | Insurance. |
| 17 | | (Source: P.A. 103-70, eff. 1-1-24.)". |