HB 3102 Illinois House · 93rd Regular Session

FINANCIAL TRANSACT REVIEW ACT

Summary

Creates the Financial Transaction Review Act. Provides that financial service providers must inform clients in writing of the right to have an attorney review any transaction involving insurance or investment products with annual or initial payments in excess of $2,500. Sets forth the scope of the review. Requires disclosures regarding conflicts of interest. Provides for administration by the Department of Insurance.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2003

Committee Review

Floor Vote

Governor

Introduced Mar 25, 2003 Last action Apr 1, 2003

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 25, 2003

Introduced

Motion Filed Rep. Sidney H. Mathias; Table House Bill 3102 Pursuant to Rule 60(b)

lower

Mar 12, 2003

Lower · Passed

Do Pass as Amended / Standard Debate Consumer Protection Committee; 006-003-000

lower

Mar 12, 2003

Lower · Passed

House Committee Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote

lower

Mar 12, 2003

Introduced

House Committee Amendment No. 1 Filed with Clerk by Consumer Protection Committee

lower

Feb 27, 2003

Committee

Assigned to Consumer Protection Committee

lower

Feb 26, 2003

Committee

Referred to Rules Committee

lower

0 primary · 1 co-sponsor