LOPEZ-ACEVEDO-HOWARD-SMITH,MICHAEL-FLOWERS AND BOLAND. (WALSH,T) 815 ILCS 505/1 from Ch. 121 1/2, par. 261 815 ILCS 505/2B from Ch. 121 1/2, par. 262B Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that where a sale of merchandise is made to a consumer by a seller pursuant to a home solicitation sale (now a seller who is physically present at the consumer's residence), the consumer may avoid the contract or transaction by notifying the seller within 3 full business days. Defines "home solicitation sale". HOUSING AFFORDABILITY NOTE No direct impact on the cost of a single-family residence. SENATE AMENDMENT NO. 1. Deletes reference to: 815 ILCS 505/1 Adds reference to: 815 ILCS 505/2B from Ch. 121 1/2, par. 262B Deletes everything. Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that the provisions of the Act concerning the sale of merchandise do not apply to a transaction between a consumer and a loan broker licensed under the Residential Mortgage License Act of 1987 when (i) the transaction involves obtaining a mortgage loan on real estate and (ii) the first contact respecting the transaction is initiated by the consumer or by another person at the request of the consumer. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-11 H ASSIGNED TO COMMITTEE CONSUMER PROT 98-03-19 H ADDED AS A JOINT SPONSOR ACEVEDO 98-03-20 H DO PASS/SHORT DEBATE 011-001-000 HCON 98-03-20 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-23 H FISCAL NOTE REQUESTED BLACK 98-03-23 H HOUSING AFORDABLTY IMPCT NOTE REQUESTED BLACK 98-03-23 H CALENDAR ORDER 2ND READING-SHORT DEBATE 98-03-25 H ADDED AS A CO-SPONSOR HOWARD 98-03-25 H SECOND READING-SHORT DEBATE 98-03-25 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-03-26 H FISCAL NOTE REQUEST-WITHDRAWN BLACK 98-03-26 H HOUS AFFORD IMPCT NOTE REQ-WITHDRAWN BLACK 98-03-26 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-03-26 H ADDED AS A CO-SPONSOR SMITH,MICHAEL 98-03-26 H ADDED AS A CO-SPONSOR FLOWERS 98-03-26 H THIRD READING/SHORT DEBATE/PASSED 104-012-000 98-03-26 H ADDED AS A CO-SPONSOR BOLAND 98-03-31 S ARRIVE IN SENATE 98-03-31 S HOUSING AFORDABILITY IMPCT NOTE FILED 98-03-31 S PLACED CALENDAR ORDER OF FIRST READING 98-04-01 98-04-01 S CHIEF SPONSOR WALSH,T 98-04-01 S FIRST READING 98-04-01 S REFERRED TO SENATE RULES COMMITTEE RULES 98-04-22 S ASSIGNED TO COMMITTEE JUDICIARY 98-04-28 S RE-REFERRED TO COMMITTEE RULES 98-04-28 S ASSIGNED TO COMMITTEE FIN INST 98-05-06 S DO PASS 007-001-000 SFIC 98-05-06 S PLACED ON CALENDAR ORDER OF 2ND READING 98-05-07 98-05-07 S FILED WITH SECRETARY 98-05-07 S AMENDMENT NO. 01-WALSH,T 98-05-07 S AMENDMENT REFERRED TO SRUL 98-05-07 S FILED WITH SECRETARY 98-05-07 S AMENDMENT NO. 02-WALSH,T 98-05-07 S AMENDMENT REFERRED TO SRUL 98-05-13 S AMENDMENT NO. 01-WALSH,T 98-05-13 S RULES REFERS TO SFIC 98-05-14 S AMENDMENT NO. 01-WALSH,T 98-05-14 S BE ADOPTED SFIC/008-000-000 98-05-14 S SECOND READING 98-05-14 S AMENDMENT NO. 01-WALSH,T 98-05-14 S ADOPTED 98-05-14 S PLACED ON CALENDAR ORDER OF 3RD READING 98-05-15 98-05-15 S THIRD READING - PASSED 052-004-001 98-05-15 S TABLED PURSUANT TO RULE 5-4(A) SA 02 98-05-15 S THIRD READING - PASSED 052-004-001 98-05-15 H ARRIVE IN HOUSE 98-05-15 H PLACED ON CALENDAR ORDER OF CONCURRENCE 01 98-05-19 H MOTION FILED CONCUR 01/LOPEZ 98-05-19 H MOTION REFERRED TO HRUL 98-05-19 H RULES REFERS TO HCON 98-05-19 H CALENDAR ORDER OF CONCURRENCE 01 98-05-20 H APPROVED FOR CONSIDERATION - COMPLIANCE 01/008-000-000 98-05-20 H HSE CONCURS IN SEN AMENDMENTS (NO.) 01/080-032-003 98-05-20 H PASSED BOTH HOUSES 98-06-18 H SENT TO THE GOVERNOR 98-08-14 H GOVERNOR APPROVED 98-08-14 H EFFECTIVE DATE 99-01-01 98-08-14 H PUBLIC ACT.............................. 90-0764 END OF INQUIRY Full Text Bill Summary