Illinois Senate Bill 1500 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Regulatory Sunset Act. Repeals the Collateral Recovery Act on January 1, 2032 (instead of January 1, 2027). Amends the Collateral Recovery Act. Makes changes to the findings and purposes provisions. Defines "hazardous material" and "personal information". Provides that the licensed repossession agency shall recycle or dispose of any personal effect that is a hazardous material in the manner required by State or federal law. Provides that if a licensed repossession agency certifies that a repossessed vehicle contains one or more hazardous materials, the legal owner shall pay the licensed repossessing agency a disposal or recycling surcharge fee. Provides that the first surcharge fee shall be $50. Provides that on January 15, 2025 and each year thereafter, the Illinois Commerce Commission shall adjust and publish a new surcharge fee. Provides that if a licensed repossession agency has cause to believe that a vehicle that serves as collateral collects or stores personal information, then, as soon as practicable upon repossession of the vehicle and prior to the release of the vehicle from the possession of the licensed repossession agency, the licensed repossession agency shall clear, erase, delete, or otherwise eliminate the personal information collected or stored in or by the vehicle by utilizing a standardized electronic solution.

COLLATERAL RECOVERY-VARIOUS

Sen. Kimberly Lightford [D]

Date	Chamber	Action
2025-01-07	Senate	Session Sine Die
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-03-10	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2023-03-08	Senate	Senate Committee Amendment No. 1 To Subcommittee on Privacy
2023-03-07	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
2023-02-24	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2023-02-24	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford
2023-02-22	Senate	To Subcommittee on Privacy
2023-02-14	Senate	Assigned to Judiciary
2023-02-07	Senate	Referred to Assignments
2023-02-07	Senate	First Reading
2023-02-07	Senate	Filed with Secretary by Sen. Kimberly A. Lightford

Chapter	Article	Section	Citation Type	Statute Text
225	422	10	Amended Code	Citation Text
225	422	110	Amended Code	Citation Text
225	422	5	Amended Code	Citation Text
5	80	4.37	Amended Code	Citation Text
5	80	4.42	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1500&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1500.htm
Amendment	https://www.ilga.gov/legislation/103/SB/10300SB1500sam001.htm