625 ILCS 27/1
Short title
Short title. This Act may be cited as the Renter's Financial Responsibility and Protection Act. (Source: P.A. 90-113, eff. 7-14-97.)
Illinois Compiled Statutes 625 ILCS 27 — Renter’s Financial Responsibility and Protection Act.
Illinois · statute · 625 ILCS 27 · 8 active provisions
625 ILCS 27/5
Legislative findings
Legislative findings. The General Assembly finds and declares the following: (a) Amendments enacted in 1988 which limit negligent drivers' liability for damage to vehicles rented from motor vehicle rental companies to $200 have had the unintended, anti-consumer effect of unfairly transferring most of the costs of liabi…
625 ILCS 27/10
Definitions
Definitions. As used in this Act: "Rental Company" means a person or entity that rents private passenger vehicles to the public for 30 days or less. "Renter" means a person or entity that obtains the use of a private passenger vehicle from a rental company under terms of a rental agreement. "Rental Agreement" means an…
625 ILCS 27/15
Prohibited practices
Prohibited practices. (a) A rental company may not sell a damage waiver unless the renter agrees to the damage waiver in writing at or prior to the time the rental agreement is executed. (b) A rental company may not void a damage waiver except for one or more of the following reasons: (1) Damage or loss while the renta…
625 ILCS 27/20
Disclosure notice and advertising requirements
Disclosure notice and advertising requirements. (a) Each renter who purchases a damage waiver that is not included in the base rental shall be provided the following disclosure notice: NOTICE: This contract offers, for an additional charge, a collision damage waiver to cover your financial responsibility for damage to…
625 ILCS 27/25
Mandatory charges
Mandatory charges. (a) As used in this Section, "mandatory charge" means any charge, surcharge, or fee in addition to the base rental rate for an item or service provided in connection with the rental transaction that the renter does not have the option of avoiding or declining and that is not otherwise imposed by law.…
625 ILCS 27/900
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 90-113, eff. 7-14-97; text omitted.)
625 ILCS 27/999
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 90-113, eff. 7-14-97.)