House Sponsors: CURRIE. Short description: FAIR BARGAIN ACT-CREATES Synopsis of Bill as introduced: Creates the Illinois Fair Bargain Act of 2001. Provides that a clause in a standard form contract or lease that modifies or limits procedural rights necessary or useful to a consumer, borrower, tenant, or employee in the enforcement of substantive rights against a party drafting the standard form contractor lease is unconscionable and is voidable by the consumer, borrower, tenant, or employee. Provides that a court, upon request of a party to the contract or lease, must declare void such a provision and prohibit the enforcement of that provision. Provides exemptions. JUDICIAL NOTE (Office of the Illinois Courts) HB 573 would neither decrease nor increase the number of judges needed in the State. FISCAL NOTE (Office of the Illinois Courts) HB 573 would have no fiscal impact on the judicial branch of government. CORRECTIONAL NOTE (Department of Corrections) There would be no population or cost impact to the Department. STATE MANDATES NOTE (Dept. of Commerce & Community Affairs) In the opinion of the Department of Commerce and Community Affairs (DCCA), HB573 does not meet the definition of a State mandate under the State Mandates Act. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status