Illinois General Assembly - Full Text of SB1464
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Full Text of SB1464  95th General Assembly



SB1464 Engrossed LRB095 09717 LCT 29921 b

1     AN ACT concerning business.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The Consumer Fraud and Deceptive Business
5 Practices Act is amended by adding Section 2ZZ as follows:
6     (815 ILCS 505/2ZZ new)
7     Sec. 2ZZ. Mortgage marketing materials.
8     (a) No person may send marketing materials to a consumer
9 indicating that the person is connected to the consumer's
10 mortgage company, indicating that there is a problem with the
11 consumer's mortgage, or stating that the marketing materials
12 contain information concerning the consumer's mortgage, unless
13 that person sending the marketing materials is actually
14 employed by the consumer's mortgage company or an affiliate of
15 the consumer's mortgage company.
16     (b) Any person who violates this Section commits an
17 unlawful practice within the meaning of this Act.