92nd General Assembly
Summary of HB0573
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House Sponsors:

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         
          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


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