SB 977 — VEH CD-TITLE CERTIFICATES-TECH

093_SB0977SB977 Engrossed LRB093 02939 DRH 02955 b AN ACT regarding vehicles.

The IllinoisState VehicleFinance CodeAct is amended by changingadding Section 3-1005.595 as follows:

(625(30 ILCS 5/3-100)105/5.595 (fromnew) Ch._e______________________I_____________________n_____________ _____i_____________________i______________ Section 10.

95The 1/2,Illinois par.Vehicle Code is amended by adding Section 3-663 as follows:

3-100)(625 Sec.ILCS 5/3-663 new) _e_______________________P____________________s_____________ _____a_____________________e____________ _a_____________________o______________________l_____________ ______a_____________________i_____________________i_____________ _____t_____________________a______________________s_____________ _____I_____________________l______________________n_____________ _____r_____________________._ _h_____________________u______________________o_____________ _____e_____________________r______________________t_____________ ______v____________________n______________________o_____________ ______p_______ _l_____________________t______________________i_____________ _____e_____________________e______________________o_____________ _____C_____ _b_____________________l______________________t_____________ _____y_____________________t________________________A___________ _____e_____________________i______________________t_____________ _____p_____________________._ SB977 Engrossed -2- LRB093 02939 DRH 02955 b _c______________________t_____________________l_____________ _____0_______________________i____________________o_____________ _____p______________________f______________________$____________ _____i_____________________s________________________A___________ _____a_____________________u______________________e_____________ _____e_____________________c______________________d_____________ _____e_____________________e______________________v_____________ _____._ _o______________________r_____________________$_____________ _____i_____________________i______________________e_____________ _____e______________________$_____________________i_____________ _____o_____________________e______________________a_____________ ______F_____________________b______________________S____________ ______S____________________e_______ _d_____________________r________________________A___________ _____a_____________________u______________________e_____________ _____t_____________________o_______________________P____________ _____r_____________________d______________________F_____________ ______s____________________t______________________A_____________ _____v_____________________a______________________t_____________ _____s_____________________s______________________n_____________ _____i______________________I_____________________o_____________ _____ Section 99.

3-100.Effective date.

Definitions.This Act takes effect upon becoming law.

A__________ ------e------------- this Chapter, the following words shall have the meanings ascribed to them:

"Electronic" includes electrical, digital, magnetic, optical, electromagnetic, or any other form of technology that entails capabilities similar to these technologies.

"Electronic record" means a record generated, communicated, received, or stored by electronic means for use in an information system or for transmission from one information system to another.

"Electronic signature" means a signature in electronic form attached to or logically associated with an electronic record.

"Owner" means a person who holds legal document of ownership of a vehicle, limited to a certificate of origin, certificate of title, salvage certificate, or junking certificate.

However, in the event a vehicle is the subject of an agreement for the conditional sale or lease thereof with the right of purchase upon performance of the conditions stated in the agreement and with an immediate right of possession vested in the conditional vendee or lessee, or in the event a mortgagor of such vehicle is entitled to possession, then such conditional vendee or lessee or mortgagor shall be deemed the owner for the purpose of this Chapter, except as provided under paragraph (c) of Section -2- LRB093 02939 DRH 02955 b 3-118.

"Record" means information that is inscribed, stored, or otherwise fixed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

"Signature" or "signed" includes any symbol executed or adopted, or any security procedure employed or adopted, using electronic means or otherwise, by or on behalf of a person with intent to authenticate a record.

(Source:

P.A.

91-79, eff.

1-1-00;

91-357, eff.

7-29-99;

91-772, eff.

1-1-01.)