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Public Act 92-0847
HB4720 Enrolled LRB9212051WHcs
AN ACT in relation to business transactions.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Equipment Fair Dealership Law is
amended by adding Section 4.5 as follows:
(815 ILCS 715/4.5 new)
Sec. 4.5. Warranty work. Retailers who do warranty
repair work for a consumer under the provisions of a
manufacturer's express warranty shall be reimbursed by the
manufacturer for warranty work at an hourly rate that is the
same as or greater than the hourly labor rate that the
retailer charges consumers for non-warranty repair work.
The provisions of this Section shall not apply to a
supplier or dealer where a written dealer agreement provides
for compensation to a 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, provided the payment is not
less than 5% of the suggested retail price of the equipment.
Passed in the General Assembly May 30, 2002.
Approved August 23, 2002.
Effective January 01, 2003.
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