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Public Act 101-0025
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| HB2472 Enrolled | LRB101 07152 JLS 52190 b |
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AN ACT concerning business.
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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 Consumer Fraud and Deceptive Business |
Practices Act is amended by changing Section 10b as follows:
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(815 ILCS 505/10b) (from Ch. 121 1/2, par. 270b)
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(Text of Section WITHOUT the changes made by P.A. 89-7, |
which has been held
unconstitutional)
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Sec. 10b. Nothing in this Act shall apply to any of the |
following:
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(1) Actions or transactions specifically authorized by |
laws administered
by any regulatory body or officer acting |
under statutory authority of this
State or the United States; |
however, notwithstanding any action or approval by a regulatory |
body or officer acting under statutory authority of this State |
or the United States, the manufacture, distribution, or sale of |
a product or service that causes or contributes to cause bodily |
injury, death, or property damage is not an action or |
transaction "specifically authorized" within the meaning of |
this item (1).
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(2) The provisions of "An act to protect trademark owners, |
distributors,
and the public against injurious and uneconomic |
practices in the
distribution of articles of standard quality |
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under a trademark, brand or
name," approved July 8, 1935, as |
amended.
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(3) Acts done by the publisher, owner, agent, or employee |
of a
newspaper, periodical or radio or television station in |
the publication or
dissemination of an advertisement, when the |
owner, agent or employee did
not have knowledge of the false, |
misleading or deceptive character of the
advertisement, did not |
prepare the advertisement, or did not have a direct
financial |
interest in the sale or distribution of the advertised product |
or
service.
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(4) The communication of any false, misleading or deceptive |
information,
provided by the seller of real estate located in |
Illinois, by a real estate
salesman or broker licensed under |
"The Real Estate Brokers License Act",
unless the salesman or |
broker knows of the false, misleading or deceptive
character of |
such information. This provision shall be effective as to any
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communication, whenever occurring.
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(5) (Blank).
This item (5)
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(6) The communication of any false, misleading, or |
deceptive information by
an insurance producer, registered |
firm, or limited insurance representative,
as those terms are |
defined in the Illinois Insurance Code, or by an insurance
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agency or brokerage house concerning the sale, placement, |
procurement, renewal,
binding, cancellation of, or terms of any |
type of insurance or any policy of
insurance unless the |
insurance producer has actual knowledge of
the false, |