Bill Title: Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that if a merchant closes a customer's credit account because the merchant's business is closing or being liquidated, or due to inactivity on the credit account by its owner, the merchant shall report to the credit reporting agencies and to the owner of the account information explaining that the account was closed due to issues related to the merchant or inactivity and not the customer's failure to pay the balance of the credit account. Provides that any person who violates the provisions commits an unlawful practice.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2023-06-26 - Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB2121 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
Senate Amendment 002	2023-03-30	Proposed	HTML/Text	Link	View
Senate Amendment 003	2023-03-30	Proposed	HTML/Text	Link	View
Senate Amendment 001	2023-03-24	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2121 currently on file.

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