CONS FRAUD ACT-INTEREST NOTICE House SponsorsRep. Monique D. Davis and Robert Rita 1/25/2006HouseTabled By Sponsor Rep. Monique D. Davis 815 ILCS 505/2ZZ new Amends the Consumer Fraud and Deceptive Business Practices Act. Requires a person or entity that offers to a consumer 0% interest financing on a purchase, for a specified period of time, to disclose to that consumer on his or her monthly billing statement the following: (1) the principal owed; (2) the total interest owed; (3) the amount of time at which interest will not accrue; and (4) that if the total amount owed is not paid off in its entirety during the specified period of time, finance charges will be assessed from the date of purchase. Provides that a person that violates this provision commits an unlawful practice within the meaning of the Act. 10/25/2005HouseFiled with the Clerk by Rep. Monique D. Davis 10/25/2005HouseFirst Reading 10/25/2005HouseReferred to Rules Committee 1/5/2006HouseAssigned to Consumer Protection Committee 1/25/2006HouseAdded Co-Sponsor Rep. Robert Rita 1/25/2006HouseTabled By Sponsor Rep. Monique D. Davis