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SB 3392 Illinois Senate · 100th Regular Session

INSTALLMENT SALE NO INTEREST

Summary
Amends the Installment Sales Contract Act. Excludes from the scope of the term "installment sales contract" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2018
Committee Review
May 2018
Senate Passage
May 2018
House Passage
May 2018
Signed into Law
Jul 2018
Introduced Apr 24, 2018 Signed Jul 20, 2018
Floor votes · Senate Apr 24, 2018 · House May 29, 2018

How they voted

45–0
Passed · 6 other
Total votes 51
Apr 24, 2018
D Democratic31
27 Yea 4
87% Yea
R Republican20
18 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
35
Key actions
11
Committee
11
Amendments
2
Jul 20, 2018
Signed into law
Governor Approved
upper
May 29, 2018
Upper · Passed
Passed Both Houses
upper
May 29, 2018
House · Passed
House Vote: pass (103-0-1)
house
May 16, 2018
Lower · Passed
Do Pass / Short Debate Judiciary - Civil Committee; 010-000-000
lower
May 16, 2018
Lower · Passed
Reported Back To Judiciary - Civil Committee;
lower
May 16, 2018
Lower · Passed
Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
lower
May 9, 2018
Lower · Passed
To Real & Personal Property Law Subcommittee
lower
May 2, 2018
Committee
Assigned to Judiciary - Civil Committee
lower
Apr 24, 2018
Committee
Referred to Rules Committee
lower
Apr 24, 2018
Introduced
Arrived in House
lower
Apr 24, 2018
Senate · Passed
Senate Vote: pass (45-0-6)
senate
Apr 11, 2018
Upper · Passed
Do Pass as Amended Financial Institutions; 007-000-000
upper
Apr 11, 2018
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 13, 2018
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
upper
Mar 6, 2018
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 6, 2018
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler
upper
Feb 27, 2018
Committee
Assigned to Financial Institutions
upper
Feb 16, 2018
Committee
Referred to Assignments
upper
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.