SB2764ham004 103RD GENERAL ASSEMBLY

Rep. Mary Gill

Filed: 5/9/2024

10300SB2764ham004 LRB103 36659 SPS 73262 a

AMENDMENT TO SENATE BILL 2764

AMENDMENT NO. ______. Amend Senate Bill 2764 on page 1, line 5, by replacing "Section 10" with "Sections 10 and 20"; and

on page 4, immediately below line 23, by inserting the following:

"(815 ILCS 601/20)

Sec. 20. Applicability.

(a) This Act does not apply to a contract entered into before the effective date of this Act.

(b) This amendatory Act of the 93rd General Assembly does not apply to a contract entered into before the effective date of this amendatory Act of the 93rd General Assembly.

(c) This Act does not apply to business-to-business contracts.

(d) This Act does not apply to banks, trust companies, savings and loan associations, savings banks, or credit unions licensed or organized under the laws of any state or the United States, or any foreign bank maintaining a branch or agency licensed or organized under the laws of any state of the United States, or any subsidiary or affiliate thereof.

(e) This Act does not apply to a contract that is extended beyond the original term of the contract as the result of the consumer's initiation of a change in the original contract terms.

(f) This Act does not apply to a contract for the sale of any product or service by a provider, or an affiliate of the provider, that is subject to Article XXII of the Public Utilities Act or any service provided by a business, or an affiliate of the business, that is licensed or regulated by the Federal Communications Commission.

(g) This Act does not apply to a party, or an affiliate of the party, regulated by the Director of the Department of Insurance.

(Source: P.A. 103-70, eff. 1-1-24.)".