Roll Call: IL SB1578 | 2009-2010 | 96th General Assembly
For additional roll call votes on Illinois SB1578 please see the Vote List
Bill Title: Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. Effective immediately.
Spectrum: Partisan Bill (Democrat 18-0)
Status: (Passed) 2010-04-13 - Public Act . . . . . . . . . 96-0888 [SB1578 Detail]
Text: Latest bill text (Enrolled) [HTML]
Bill Title: Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. Effective immediately.
Spectrum: Partisan Bill (Democrat 18-0)
Status: (Passed) 2010-04-13 - Public Act . . . . . . . . . 96-0888 [SB1578 Detail]
Text: Latest bill text (Enrolled) [HTML]
Vote: Third Reading in Senate
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 51 | 32 | 19 |
| Nay | - | - | - |
| Not Voting | 3 | 2 | 1 |
| Absent | - | - | - |
| TOTAL | 54 | 34 | 20 |
