HB0680ham001 101ST GENERAL ASSEMBLY

Rep. Jonathan Carroll

Filed: 5/18/2020

10100HB0680ham001 LRB101 03757 BMS 70913 a

AMENDMENT TO HOUSE BILL 680

AMENDMENT NO. ______. Amend House Bill 680 by replacing everything after the enacting clause with the following:

"Section 5. The Sales Finance Agency Act is amended by adding Section 10.6 as follows:

(205 ILCS 660/10.6 new)

Sec. 10.6. Companion animals. A licensee shall not finance, enter into a retail installment contract, or make a loan for the purchase of a companion animal as defined by Section 2.01a of the Humane Care for Animals Act. Notwithstanding any other provision of this Act, if a lender violates this Section, the financing, retail installment contract, or loan shall be null and void and the licensee shall have no right to collect, receive, or retain any principal, interest, or charges related to the loan, retail installment contract, or financing.".