Date	Chamber	Action
1/25/2006	House	Tabled By Sponsor Rep. Monique D. Davis

Statutes Amended In Order of Appearance

815 ILCS 505/2ZZ new

Synopsis As Introduced
Amends the Consumer Fraud and Deceptive Business Practices Act. Requires a person or entity that offers to a consumer 0% interest financing on a purchase, for a specified period of time, to disclose to that consumer on his or her monthly billing statement the following: (1) the principal owed; (2) the total interest owed; (3) the amount of time at which interest will not accrue; and (4) that if the total amount owed is not paid off in its entirety during the specified period of time, finance charges will be assessed from the date of purchase. Provides that a person that violates this provision commits an unlawful practice within the meaning of the Act.

Actions 

Date	Chamber	Action
10/25/2005	House	Filed with the Clerk by Rep. Monique D. Davis
10/25/2005	House	First Reading
10/25/2005	House	Referred to Rules Committee
1/5/2006	House	Assigned to Consumer Protection Committee
1/25/2006	House	Added Co-Sponsor Rep. Robert Rita
1/25/2006	House	Tabled By Sponsor Rep. Monique D. Davis

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