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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status