CONSUMER LEGAL-REFINANCING
Summary
Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after the effective date of the amendatory Act. Authorizes the Department to adopt rules to permit the refinancing of consumer legal fundings. Makes conforming changes to contract disclosures.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2024
Last action Apr 19, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
9
Key actions
1
Committee
4
Apr 19, 2024
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 5, 2024
Lower · Passed
Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-004-000
lower
Feb 28, 2024
Committee
Assigned to Financial Institutions and Licensing Committee
lower
Feb 8, 2024
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Curtis Tarver
DDemocratic
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