Bill Status of SB 3379   93rd General Assembly


Short Description:  VEH CD-RENTER LIABILITY LIMITS

Senate Sponsors
Sen. Terry Link

Last Action  View All Actions

DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
625 ILCS 5/6-305.2

Synopsis As Introduced
Amends the Illinois Vehicle Code. Deletes language setting a limit of $2,000 on the liability of a renter for the theft of a rented motor vehicle. Provides that the renter's maximum liability is the fair market value of the vehicle, as determined by the customary market for the sale of the vehicle. Provides that, beginning June 1, 2005, the renter of a vehicle that is damaged shall be liable for the lesser of (i) the actual and reasonable costs that would have been incurred if the vehicle had been repaired or (ii) the fair market value of the vehicle before the damage occurred, as determined in the customary market for the retail sale of that motor vehicle. Effective immediately.

Actions 
DateChamber Action
  5/13/2004SenateFiled with Secretary by Sen. Terry Link
  5/13/2004SenateFirst Reading
  5/13/2004SenateReferred to Rules
  1/11/2005SenateSession Sine Die

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