Illinois General Assembly - Full Text of SB1071
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Full Text of SB1071  103rd General Assembly

SB1071eng 103RD GENERAL ASSEMBLY



 


 
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.