91st General Assembly Summary of HB0487    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
HOWARD-DAVIS,MONIQUE-KENNER-RIGHTER.

Senate Sponsors:
DILLARD

Short description: 
Y2K CITIZENS PROTECTION ACT                                                

Synopsis of Bill as introduced:
        Creates the Year 2000  Citizens'  Protection  Act.   Prohibits  a      
   person  or entity from initiating any foreclosure proceeding, default,      
   or other adverse action in certain matters, or initiating any  adverse      
   or  enforcement action or negative credit reporting against any person      
   who fails to or who is unable to cause payment, acts, forbearance,  or      
   other  financial  transactions  to  occur  in  a  timely manner if the      
   failure to make payments or take other action is due to the failure of      
   an electronic  computing  device  to  compute,  recognize,  or  timely      
   process  the  year  2000  date change.  Contains provisions concerning      
   applicability, exceptions, and conflicts with other laws.  The Act  is      
   repealed on January 1, 2007.  Effective immediately.                        
          FISCAL NOTE (Administrative Office of Ill. Courts)                   
          This bill would not have a fiscal impact on the Courts.              
          FISCAL NOTE (Dept. of Commerce and Community Affairs)                
          HB487 will not have a fiscal impact on DCCA.                         
        HOUSE AMENDMENT NO. 1.                                                 
        Makes numerous changes in provisions prohibiting specified  forms      
   of  conduct  against persons who are unable to cause payments or other      
   financial transactions to occur due to the failure  of  an  electronic      
   computing  device to compute, recognize, or process the year 2000 date      
   change.                                                                     
          CORRECTIONAL NOTE, H-AM 1 (Dept. of Corrections)                     
          There will be no fiscal or prison population impact.                 
          STATE MANDATES NOTE, H-AM 1                                          
          (Department of Commerce and Community Affairs)                       
          HB 487 (H-am 1) does not create a State mandate.                     
          JUDICIAL NOTE, H-AM 2 (Administrative Office of Ill. Courts)         
          It is not possible To determine impact on the increase in            
          the number of judges needed.                                         
        HOUSE AMENDMENT NO. 2.                                                 
        Deletes everything.  Inserts similar provisions, except:  applies      
   certain  protections to small businesses; changes the nature and scope      
   of limitations on actions against individuals  and  small  businesses;      
   changes  provisions  concerning credit reporting agencies; makes other      
   changes.                                                                    
          STATE DEBT NOTE, H-AM 2 (Economic and Fiscal Commission)             
          HB 487 (H-am 2) would not affect the level of State indebted-        
          ness.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   0


   END OF INQUIRY 


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