Illinois Bill Provides Welcome Fix to Illinois Collection Agency Act

A recent Illinois bill provides a welcome fix to the Illinois Collection Agency Act (ICAA). The legislation, SB 1369, corrects amendments made to the ICAA this past August.  Those amendments potentially expanded sections of the ICAA to commercial debt and would require disclosures contrary to (and possibly in violation of) the federal Fair Debt Collection Practices Act.

The corrective legislation:

The bill, which took its current form through a House Committee Amendment on Oct. 16, passed in the House on Nov. 10, and will be returned to the Senate for concurrence.  Assuming concurrence and absent a veto, the legislation will become law immediately upon the Governor’s signature or, if the Governor takes no action, within 60 days of the date it was presented.

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