The Illinois Supreme Court has amended Rules 280.1 and 280.2, which now include a definition of the word “payment” for credit card or debt buyer collection actions.

The Court also updated the corresponding sample form. The changes go into effect immediately.

The Court defines “payment” as “any payment received by a charge-off creditor or a debt buyer, pre- or post-charge-off, that was not returned by the financial institution against which the payment was drawn.”

The amended Rules are available online.