Illinois Senate Bill 2135

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-12-19 - Sponsor Removed Sen. Meg Loughran Cappel
Text: Latest bill text (Introduced) [HTML]

Amends the Credit Services Organizations Act. Changes the name of the Act to the Credit Repair Organizations Act. Provides that the Director of Financial and Professional Regulation shall oversee the activities of credit repair organizations and compliance with the Act. Provides that a credit repair organization shall submit a report every 6 months to the Director containing specified information. Provides that the Director may adopt rules necessary to administer the Act. Makes changes in provisions concerning contracts between a buyer and a credit repair organization; registration of credit repair organizations; violations of the Act; and remedies. Repeals provisions concerning surety bonds. Defines terms. Repeals provisions concerning surety bonds. Amends the Consumer Fraud and Deceptive Business Practices Act to make conforming changes. Effective January 1, 2024.

CREDIT REPAIR ORGANIZATIONS

Sen. Sara Feigenholtz [D]	Sen. Mike Porfirio [D]	Sen. Mike Simmons [D]	Sen. Paul Faraci [D]
Sen. Laura Murphy [D]	Sen. Mary Edly-Allen [D]	Sen. Karina Villa [D]

Date	Chamber	Action
2023-12-19	Senate	Sponsor Removed Sen. Meg Loughran Cappel
2023-06-26	Senate	Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2023-05-11	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-04-28	Senate	Rule 2-10 Third Reading Deadline Established As May 11, 2023
2023-03-31	Senate	Rule 2-10(a) Third Reading Deadline Established As April 28, 2023
2023-03-29	Senate	Placed on Calendar Order of 3rd Reading March 30, 2023
2023-03-29	Senate	Second Reading
2023-03-28	Senate	Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
2023-03-23	Senate	Added as Co-Sponsor Sen. Karina Villa
2023-03-22	Senate	Sponsor Removed Sen. Elgie R. Sims, Jr.
2023-03-22	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2023-03-22	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Sara Feigenholtz
2023-03-20	Senate	Added as Co-Sponsor Sen. Mary Edly-Allen
2023-03-17	Senate	Added as Co-Sponsor Sen. Elgie R. Sims, Jr.
2023-03-10	Senate	Added as Co-Sponsor Sen. Laura M. Murphy
2023-03-10	Senate	Added as Co-Sponsor Sen. Paul Faraci
2023-03-09	Senate	Added as Co-Sponsor Sen. Meg Loughran Cappel
2023-03-09	Senate	Added as Co-Sponsor Sen. Mike Simmons
2023-03-08	Senate	Placed on Calendar Order of 2nd Reading March 9, 2023
2023-03-08	Senate	Do Pass Financial Institutions; 006-002-000
2023-03-07	Senate	Added as Chief Co-Sponsor Sen. Mike Porfirio
2023-02-28	Senate	Assigned to Financial Institutions
2023-02-10	Senate	Referred to Assignments
2023-02-10	Senate	First Reading
2023-02-10	Senate	Filed with Secretary by Sen. Sara Feigenholtz

Chapter	Article	Section	Citation Type	Statute Text
815	505	2Z	Amended Code	Citation Text
815	605	1	Amended Code	Citation Text
815	605	10	Repealed Code	Citation Text
815	605	11	Amended Code	Citation Text
815	605	14	Amended Code	Citation Text
815	605	15	Amended Code	Citation Text
815	605	17	New Code	See Bill Text
815	605	3	Amended Code	Citation Text
815	605	5	Amended Code	Citation Text
815	605	5.5	New Code	See Bill Text
815	605	6	Amended Code	Citation Text
815	605	7	Amended Code	Citation Text
815	605	8	Amended Code	Citation Text
815	605	9	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2135&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2135.htm
Amendment	https://www.ilga.gov/legislation/103/SB/10300SB2135sam001.htm