093_HB1703

 
                                     LRB093 05115 MBS 05175 b

 1        AN ACT in relation to business transactions.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Consumer  Fraud  and  Deceptive  Business
 5    Practices Act is amended by changing Section 2 as follows:

 6        (815 ILCS 505/2) (from Ch. 121 1/2, par. 262)
 7        Sec.  2.  Unlawful practice; federal law.  Unfair methods
 8    of competition and unfair or  deceptive  acts  or  practices,
 9    including  but  not  limited  to the use or employment of any
10    deception,  fraud,  false   pretense,   false   promise,   or
11    misrepresentation,   or   the  concealment,  suppression,  or
12    omission of any material fact, with intent that  others  rely
13    upon  the  concealment,  suppression,  or  omission  of  such
14    material  fact,  or  the  use  or  employment of any practice
15    described in  Section  2  of  the  "Uniform  Deceptive  Trade
16    Practices  Act",  approved  August 5, 1965, in the conduct of
17    any trade or commerce are hereby  declared  unlawful  whether
18    any  person  has  in  fact  been misled, deceived, or damaged
19    thereby. In construing this Section, consideration  shall  be
20    given  to the interpretations of the Federal Trade Commission
21    and the federal courts relating  to  Section  5  (a)  of  the
22    Federal Trade Commission Act.
23    (Source: P.A. 78-904.)