Senate Sponsors: SYVERSON. House Sponsors: HOFFMAN Short description: MOTOR VEH FINANCING AFFILIATE Synopsis of Bill as introduced: Amends the Illinois Vehicle Code to define a motor vehicle financing affiliate. Provides that a motor vehicle financing affiliate must be licensed by the Secretary of State. Provides the requirements and procedures to receive a license for a motor vehicle financing affiliate. Amends the Motor Vehicle Franchise Act to provide that a motor vehicle financing affiliate and a franchisee shall be treated the same for the purposes of the Act. SENATE AMENDMENT NO. 1. Amends the Illinois Vehicle Code to make grammatical and technical changes to the Section concerned with the licensing of motor vehicle financing affiliates. FISCAL NOTE (Secretary of State) Fiscal impact would be approximately $15,000. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status