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