Full Text of HB2070 095th General Assembly
HB2070eng 95TH GENERAL ASSEMBLY
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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, | 3 |
| represented in the General Assembly:
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| Section 5. The Collection Agency Act is amended by changing | 5 |
| 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| (Section scheduled to be repealed on January 1, 2016)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, | 9 |
| 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 | 12 |
| any account, bill
or other indebtedness;
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| (b) Receives, by assignment or otherwise, accounts, | 14 |
| bills, or other
indebtedness from any person owning or | 15 |
| controlling 20% or more of the
business receiving the | 16 |
| assignment, with the purpose of collecting monies
due on | 17 |
| such account, bill or other indebtedness;
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| (c) Sells or attempts to sell, or gives away or | 19 |
| attempts to give away
to any other person, other than one | 20 |
| registered under this Act, any system of
collection, | 21 |
| letters, demand forms, or other printed matter where the | 22 |
| name
of any person, other than that of the creditor, | 23 |
| appears in such a manner
as to indicate, directly or |
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HB2070 Engrossed |
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LRB095 01546 MJR 21548 b |
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| indirectly, that a request or demand is being
made by any | 2 |
| person other than the creditor for the payment of the sum | 3 |
| or
sums due or asserted to be due;
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| (d) Buys accounts, bills or other indebtedness
with | 5 |
| recourse and engages in collecting the same; or
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| (e) Uses a fictitious name in collecting its own | 7 |
| accounts, bills, or debts
with the intention of conveying | 8 |
| to the debtor that a third party has been
employed to make | 9 |
| such collection ; or .
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| (f) Is (i) an electric utility that served at least | 11 |
| 100,000 customers in Illinois on December 31, 2005 or | 12 |
| affiliated with such an electric utility and (ii) | 13 |
| attempting to collect accounts, bills, or debts from retail | 14 |
| electric customers in the service area of the electric | 15 |
| utility company.
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| (Source: P.A. 94-414, eff. 12-31-05.)
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