IL SB3314 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0974
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0974
Text: Latest bill text (Chaptered) [HTML]
Summary
Reinserts the provisions of the introduced bill with the following changes. Further amends the Consumer Legal Funding Act. Provides that it shall be grounds for disciplinary action if any fact or condition exists that, if it had existed at the time of the original application for the license, would have warranted the Secretary of Financial and Professional Regulation in refusing to originally issue the license. Provides that a licensee who is found to have committed any unfair, deceptive, or abusive business practice shall be subject to a fine that shall not exceed $75,000 for each separate count of offense. Provides that an administrative review of specified actions taken by the Department of Financial and Professional Regulation shall provide for, at a minimum, the appointment of a hearing officer other than a regular employee of the Division of Financial Institutions (rather than an employee of the Department). Makes a change in provisions concerning definitions and the scope of consumer legal funding licenses.
Title
CONSUMER LEGAL-REFINANCING
Sponsors
Roll Calls
2024-05-24 - Senate - Concurrence in Senate (Y: 41 N: 18 NV: 0 Abs: 0) [PASS]
2024-05-21 - House - Third Reading in House (Y: 78 N: 35 NV: 0 Abs: 0) [PASS]
2024-04-10 - Senate - Third Reading in Senate (Y: 40 N: 18 NV: 1 Abs: 0) [PASS]
2024-05-21 - House - Third Reading in House (Y: 78 N: 35 NV: 0 Abs: 0) [PASS]
2024-04-10 - Senate - Third Reading in Senate (Y: 40 N: 18 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-08-09 | Senate | Public Act . . . . . . . . . 103-0974 |
| 2024-08-09 | Senate | Effective Date January 1, 2025 |
| 2024-08-09 | Senate | Governor Approved |
| 2024-06-21 | Senate | Sent to the Governor |
| 2024-05-24 | Senate | Passed Both Houses |
| 2024-05-24 | Senate | Senate Concurs |
| 2024-05-24 | Senate | House Floor Amendment No. 2 Senate Concurs 041-018-000 |
| 2024-05-23 | Senate | House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Judiciary; 005-003-000 |
| 2024-05-23 | Senate | House Floor Amendment No. 2 Motion to Concur Assignments Referred to Judiciary |
| 2024-05-23 | Senate | House Floor Amendment No. 2 Motion to Concur Referred to Assignments |
| 2024-05-23 | Senate | House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Bill Cunningham |
| 2024-05-21 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024 |
| 2024-05-21 | Senate | Secretary's Desk - Concurrence House Amendment(s) 2 |
| 2024-05-21 | House | Third Reading - Short Debate - Passed 078-035-000 |
| 2024-05-21 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-05-21 | House | House Floor Amendment No. 2 Adopted |
| 2024-05-20 | House | House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 007-004-000 |
| 2024-05-17 | House | Third Reading/Final Action Deadline Extended-9(b) May 24, 2024 |
| 2024-05-16 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2024-05-16 | House | Second Reading - Short Debate |
| 2024-05-13 | House | House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee |
| 2024-05-07 | House | House Floor Amendment No. 2 Referred to Rules Committee |
| 2024-05-07 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II |
| 2024-05-01 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-04-30 | House | House Committee Amendment No. 1 Tabled |
| 2024-04-30 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000 |
| 2024-04-29 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2024-04-29 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II |
| 2024-04-24 | House | Assigned to Financial Institutions and Licensing Committee |
| 2024-04-11 | House | Referred to Rules Committee |
| 2024-04-11 | House | First Reading |
| 2024-04-10 | House | Alternate Chief Sponsor Changed to Rep. Curtis J. Tarver, II |
| 2024-04-10 | House | Chief House Sponsor Rep. Nabeela Syed |
| 2024-04-10 | House | Arrived in House |
| 2024-04-10 | Senate | Third Reading - Passed; 040-018-000 |
| 2024-03-14 | Senate | Placed on Calendar Order of 3rd Reading March 20, 2024 |
| 2024-03-14 | Senate | Second Reading |
| 2024-03-06 | Senate | Placed on Calendar Order of 2nd Reading March 7, 2024 |
| 2024-03-06 | Senate | Do Pass Judiciary; 006-003-000 |
| 2024-02-20 | Senate | Assigned to Judiciary |
| 2024-02-07 | Senate | Referred to Assignments |
| 2024-02-07 | Senate | First Reading |
| 2024-02-07 | Senate | Filed with Secretary by Sen. Bill Cunningham |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 815 | 121 | 165 | Amended Code | Citation Text |
| 815 | 121 | 25 | Amended Code | Citation Text |
| 815 | 121 | 30 | Amended Code | Citation Text |
