Sen. A. J. Wilhelmi

Filed: 3/25/2009

 

 


 

 


 
09600SB1578sam002 LRB096 11014 MJR 24641 a

1
AMENDMENT TO SENATE BILL 1578

2     AMENDMENT NO. ______. Amend Senate Bill 1578 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Credit Agreements Act is amended by
5 changing Section 3.1 as follows:
 
6     (815 ILCS 160/3.1)
7     Sec. 3.1. Liability; privity of contract. No creditor shall
8 be liable to a person not in privity of contract with the the
9 creditor for civil damages arising out of a credit agreement,
10 or any conditions precedent thereto, except for acts or conduct
11 by the creditor that constitute fraud against the person.
12 (Source: P.A. 89-309, eff. 8-11-95.)".