ILL EQUIPMENT FAIR DEALERSHIP
Synopsis of Bill as introduced:
Amends the Consumer Fraud and Deceptive Business Practices Act.
Makes technical changes in a Section defining unlawful practices.
SENATE AMENDMENT NO. 1.
Deletes reference to:
815 ILCS 505/2
Adds reference to:
815 ILCS 715/4.5 new
Deletes everything after the enacting clause. Amends the
Illinois Equipment Fair Dealership Law. Requires manufacturers to
reimburse retailers for warranty work except in cases where the dealer
or supplier has a written dealer agreement providing for compensation
to the dealer for warranty labor costs either as part of the pricing
of the equipment to the dealer or in the form of a lump sum payment.
Provides that the reimbursement exception does not apply to agreements
where the payment to the dealer is less than 5% of the suggested
retail price of the equipment.
Last action on Bill: PUBLIC ACT.............................. 92-0847
Last action date: AUG-23-2002
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status