Bill Text: IL HB4963 | 2011-2012 | 97th General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Collateral Recovery Act. Defines "automobile rental company". Provides that the Act does not apply to an automobile rental company or the employee of an automobile rental company when engaged in an activity otherwise covered by the Act if the activity is conducted by the employee on behalf of that automobile rental company. Provides that the Act does not apply to a towing company or towing operator when an employee or agent of an automobile rental company is present at the site from which the vehicle is towed. Provides that the Act does not apply to persons engaged in the recovery of collateral that is incidental to and within the scope of the person's primary business purpose and the primary business purpose is other than repossession. Effective July 1, 2012.

Spectrum: Moderate Partisan Bill (Democrat 7-2)

Status: (Failed) 2013-01-08 - Session Sine Die [HB4963 Detail]

Download: Illinois-2011-HB4963-Amended.html

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Rep. Frank J. Mautino

Filed: 2/27/2012

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AMENDMENT TO HOUSE BILL 4963
AMENDMENT NO. ______. Amend House Bill 4963 as follows:
on page 7, by replacing lines 23 through 26 with the following:
"(h) This Act does not apply to a retail seller of
equipment or an employee of a retail seller of equipment, as
equipment is defined in Section 9-102 of the Uniform Commercial
Code, and lawn and grounds care consumer goods when engaged in
an activity otherwise covered by this Act if the activity is
limited to the repossession of the type of goods routinely sold
by that retail seller in the manner authorized by Section 9-609
of the Uniform Commercial Code on behalf of the owner of a
security interest in that collateral.
(i) This Act does not apply to an entity or the employee of
an entity that primarily finances wholesale and retail
transactions related to the purchase or lease of equipment
manufactured by its affiliate when engaged in an activity

09700HB4963ham001 - 2 - LRB097 17300 CEL 66457 a
otherwise covered by this Act if the activity is limited to the
repossession of the equipment.".