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
signed
all 4 stages cleared
Introduction
Apr 2024
Committee Review
May 2024
House Passage
May 2024
Signed into Law
Aug 2024
Introduced Apr 10, 2024
Signed Aug 9, 2024
Floor votes · House May 21, 2024
How they voted
78–35
Passed · 4 other
Total votes 117
May 21, 2024
D
Democratic77
96% Yea
R
Republican40
87% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
43
Key actions
9
Committee
12
Amendments
8
Aug 9, 2024
Signed into law
Governor Approved
lower
May 24, 2024
Lower · Passed
Passed Both Houses
lower
May 24, 2024
Introduced
House Floor Amendment No. 2 Senate Concurs 041-018-000
lower
May 23, 2024
Introduced
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Judiciary; 005-003-000
lower
May 23, 2024
Committee
House Floor Amendment No. 2 Motion to Concur Assignments Referred to Judiciary
lower
May 23, 2024
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
lower
May 21, 2024
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024
lower
May 21, 2024
Introduced
Secretary's Desk - Concurrence House Amendment(s) 2
lower
May 21, 2024
Lower · Passed
Third Reading - Short Debate - Passed 078-035-000
lower
May 21, 2024
Lower · Passed
House Floor Amendment No. 2 Adopted
lower
May 20, 2024
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 007-004-000
lower
May 13, 2024
Lower · Passed
House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee
lower
May 7, 2024
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
May 7, 2024
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II
lower
Apr 30, 2024
Amended
House Committee Amendment No. 1 Tabled
lower
Apr 30, 2024
Lower · Passed
Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
lower
Apr 29, 2024
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Apr 29, 2024
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
lower
Apr 24, 2024
Committee
Assigned to Financial Institutions and Licensing Committee
lower
Apr 11, 2024
Committee
Referred to Rules Committee
lower
Apr 10, 2024
Introduced
Arrived in House
lower
Apr 10, 2024
Lower · Passed
Third Reading - Passed; 040-018-000
lower
Mar 6, 2024
Lower · Passed
Do Pass Judiciary; 006-003-000
lower
Feb 20, 2024
Committee
Assigned to Judiciary
lower
Feb 7, 2024
Committee
Referred to Assignments
lower
2 primary · 0 co-sponsors
Sponsors
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