Rep. Jonathan Carroll

Filed: 5/18/2020

 

 


 

 


 
10100HB0680ham001LRB101 03757 BMS 70913 a

1
AMENDMENT TO HOUSE BILL 680

2    AMENDMENT NO. ______. Amend House Bill 680 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Sales Finance Agency Act is amended by
5adding Section 10.6 as follows:
 
6    (205 ILCS 660/10.6 new)
7    Sec. 10.6. Companion animals. A licensee shall not finance,
8enter into a retail installment contract, or make a loan for
9the purchase of a companion animal as defined by Section 2.01a
10of the Humane Care for Animals Act. Notwithstanding any other
11provision of this Act, if a lender violates this Section, the
12financing, retail installment contract, or loan shall be null
13and void and the licensee shall have no right to collect,
14receive, or retain any principal, interest, or charges related
15to the loan, retail installment contract, or financing.".