Your help is needed!
Posted on April 9th, 2021
Our national association is asking for help to try to get this bad bill vetoed by Governor Pritzker. He has already vetoed a previous bill that would have added 9% interest. This bill does the same thing, but drops interest to 6%. This bill removes any desire for expediency from a lawsuit…the longer you stall, the more interest you get paid!
PLEASE take 2 minutes to read the following information and click on the link, fill out your personal address and hit send, it’s that quick! YOU CAN MAKE A DIFFERENCE. Please help us.
Illinois: Contact Governor Asking for Veto of Prejudgment Interest Legislation
To: All NAMIC Members Doing Business in Illinois
Deadline: Friday, April 9, 5 p.m. CDT
Action: Contact Illinois Governor to Ask Him to Veto Prejudgment Interest Legislation
Illinois Gov. J.B. Pritzker is considering SB 72, which would require a defendant to pay prejudgment interest in a lawsuit or arbitration claim arising out of personal injury. Interest is charged despite delays that might have nothing to do with the defendant, which encourages delays to drive-up potential recovery.
While NAMIC successfully lobbied for the veto of the more-harmful HB 3360, we are working to oppose SB 72, which only lowers the rate from 9 percent to 6 percent – still a far cry from being acceptable while we’re trying to help restore our economy during the pandemic.
In addition to sending an email through the above link, you may call the Governor’s Office at 217-782-0244. The NAMIC membership was vital in securing the HB 3360 veto, and we must now hold the line against SB 72.
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