IL HB3461 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on February 17 2023 - 25% progression
Action: 2023-10-31 - Added Co-Sponsor Rep. Will Guzzardi
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

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.

Tracking Information

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Title

CREDIT REPAIR ORGANIZATIONS

Sponsors


History

DateChamberAction
2023-10-31HouseAdded Co-Sponsor Rep. Will Guzzardi
2023-03-27HouseHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2023-03-27HouseRule 19(a) / Re-referred to Rules Committee
2023-03-22HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2023-03-22HouseHouse Floor Amendment No. 1 Rules Refers to Consumer Protection Committee
2023-03-21HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2023-03-21HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Debbie Meyers-Martin
2023-03-15HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-03-15HouseSecond Reading - Short Debate
2023-03-14HouseAdded Co-Sponsor Rep. Emanuel "Chris" Welch
2023-03-08HousePlaced on Calendar 2nd Reading - Short Debate
2023-03-08HouseAdded Co-Sponsor Rep. William "Will" Davis
2023-03-07HouseDo Pass / Short Debate Consumer Protection Committee; 006-003-000
2023-02-28HouseAdded Co-Sponsor Rep. Joyce Mason
2023-02-28HouseAdded Co-Sponsor Rep. Theresa Mah
2023-02-28HouseAssigned to Consumer Protection Committee
2023-02-23HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
2023-02-23HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
2023-02-17HouseReferred to Rules Committee
2023-02-17HouseFirst Reading
2023-02-17HouseFiled with the Clerk by Rep. Debbie Meyers-Martin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
8155052ZAmended CodeCitation Text
8156051Amended CodeCitation Text
81560510Repealed CodeCitation Text
81560511Amended CodeCitation Text
81560514Amended CodeCitation Text
81560515Amended CodeCitation Text
81560517New CodeSee Bill Text
8156053Amended CodeCitation Text
8156055Amended CodeCitation Text
8156055.5New CodeSee Bill Text
8156056Amended CodeCitation Text
8156057Amended CodeCitation Text
8156058Amended CodeCitation Text
8156059Amended CodeCitation Text

Illinois State Sources


Bill Comments

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