90th General Assembly
Summary of HB3321
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House Sponsors:
LOPEZ-ACEVEDO-HOWARD-SMITH,MICHAEL-FLOWERS AND BOLAND.

Senate Sponsors:
WALSH,T

Short description: 
CNSMR FRAUD-HOME SOLICIT                                                   

Synopsis of Bill as introduced:
        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.                                      
 
Last action on Bill: PUBLIC ACT.............................. 90-0764

   Last action date: 98-08-14

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



 Full Text  Bill Status