HB4963ham001 97TH GENERAL ASSEMBLY

Rep. Frank J. Mautino

Filed: 2/27/2012

09700HB4963ham001 LRB097 17300 CEL 66457 a

AMENDMENT TO HOUSE BILL 4963

AMENDMENT NO. ______. Amend House Bill 4963 as follows:

on page 7, by replacing lines 23 through 26 with the following:

"(h) This Act does not apply to a retail seller of equipment or an employee of a retail seller of equipment, as equipment is defined in Section 9-102 of the Uniform Commercial Code, and lawn and grounds care consumer goods when engaged in an activity otherwise covered by this Act if the activity is limited to the repossession of the type of goods routinely sold by that retail seller in the manner authorized by Section 9-609 of the Uniform Commercial Code on behalf of the owner of a security interest in that collateral.

(i) This Act does not apply to an entity or the employee of an entity that primarily finances wholesale and retail transactions related to the purchase or lease of equipment manufactured by its affiliate when engaged in an activity otherwise covered by this Act if the activity is limited to the repossession of the equipment.".