Illinois Senate Bill 3169 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding shall be written, provide the total funding amount to the customer, itemize one-time fees, allow the customer to cancel the contract within 10 business days following receipt of the funding amount without penalty or further obligation, and meet other specified criteria. Provides that any attorney's fee, Medicare lien, Medicaid lien, or health care provider lien takes priority over any lien of the non-recourse civil litigation funding company. Contains a provision concerning standards and practices of non-recourse civil litigation companies. Provides criteria for non-recourse civil litigation funding companies to receive and retain licenses, the closing of its business or surrendering of the license, and prohibited acts. Contains provisions for enforcement and remedies, rulemaking, bonding, and judicial review. Amends the Regulatory Sunset Act to provide that the Non-Recourse Civil Litigation Funding Act expires on May 31, 2015. Amends the Consumer Installment Loan Act provision concerning the application of the Act to exclude non-recourse civil litigation funding if requested. Amends the Consumer Fraud and Deceptive Business Practices Act to provide that a person who knowingly violates the Non-Recourse Civil Litigation Funding Act commits an unlawful practice. Effective 180 days after becoming law.

NON-RECOURSE CIVIL LITIGATION

Sen. William Haine [D]

Date	Chamber	Action
2015-01-13	Senate	Session Sine Die
2014-05-01	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2014-05-01	Senate	Rule 3-9(a) / Re-referred to Assignments
2014-04-11	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 1, 2014
2014-04-02	Senate	Senate Committee Amendment No. 1 Postponed - Judiciary
2014-04-02	Senate	Postponed - Judiciary
2014-03-28	Senate	Rule 2-10 Committee Deadline Established As April 11, 2014
2014-03-25	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
2014-03-20	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2014-03-20	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
2014-02-26	Senate	Postponed - Judiciary
2014-02-19	Senate	Assigned to Judiciary
2014-02-11	Senate	Referred to Assignments
2014-02-11	Senate	First Reading
2014-02-11	Senate	Filed with Secretary by Sen. William R. Haine

Chapter	Article	Section	Citation Type	Statute Text
205	670	21	Amended Code	Citation Text
5	80	4.25	Amended Code	Citation Text
815	505	2Z	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3169&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB3169.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB3169sam001.htm