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HB2070 Engrossed |
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LRB095 01546 MJR 21548 b |
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| AN ACT concerning regulation.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Collection Agency Act is amended by changing |
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| Section 3 as follows:
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| (225 ILCS 425/3) (from Ch. 111, par. 2006)
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| (Section scheduled to be repealed on January 1, 2016)
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| Sec. 3. A person, association, partnership,
corporation, |
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| or other legal entity acts as a
collection agency when he , she,
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| or it:
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| (a) Engages in the business of collection for others of |
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| any account, bill
or other indebtedness;
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| (b) Receives, by assignment or otherwise, accounts, |
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| bills, or other
indebtedness from any person owning or |
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| controlling 20% or more of the
business receiving the |
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| assignment, with the purpose of collecting monies
due on |
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| such account, bill or other indebtedness;
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| (c) Sells or attempts to sell, or gives away or |
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| attempts to give away
to any other person, other than one |
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| registered under this Act, any system of
collection, |
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| letters, demand forms, or other printed matter where the |
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| name
of any person, other than that of the creditor, |
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| appears in such a manner
as to indicate, directly or |