92nd General Assembly
Summary of HB4720
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Short description: 
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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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