HB 88

Abstract

Amends the Code of Civil Procedure. Makes a technical change in a Section concerning construction of the Code. House Floor Amendment No. 1 Deletes reference to: 735 ILCS 5/1-106 Adds reference to: 735 ILCS 5/2-1303 from Ch. 110, par. 2-1303 735 ILCS 5/2-1602 735 ILCS 5/12-108 from Ch. 110, par. 12-108 Replaces everything after the enacting clause. Amends the Code of Civil Procedure. Provides that consumer debt judgments of $25,000 or less shall draw interest from the date of the judgment until satisfied at the rate of 5% per annum. Provides that when a consumer debt judgment is entered upon any award, report, or verdict, interest shall be computed at the applicable rate from the time when made or rendered to the time of entering judgment upon the same, and included in the judgment. Provides that interest shall be computed and charged only on the unsatisfied portion of the consumer debt judgment as it exists from time to time. Provides that the judgment debtor may stop the further accrual of interest on the consumer debt judgment. Provides that the provisions concerning interest on consumer debt judgments apply to all consumer debt judgments entered into after the effective date of the Act. Provides that a consumer debt judgment may be revived by filing a petition to revive the consumer debt judgment no later than 10 years after its entry and by serving the petition and entering a court order for revival. Provides that if a judgment or consumer debt judgment becomes dormant during the pendency of an enforcement proceeding against wages under specified Articles, the enforcement may continue to conclusion if the enforcement is done under court supervision and includes a wage deduction order or turn over order and is against an employer, garnishee, or other third party respondent. Makes a corresponding change. Effective immediately. House Floor Amendment No. 2 Removes the immediate effective date.