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HB 5190 Illinois House · 97th Regular Session

UCC-FRAUDULENT FINANCING

Summary
Amends the Secured Transactions Article of the Uniform Commercial Code. Provides that a person may not cause to be presented for filing a financing statement or amendment that the person knows or reasonably should know: is not related to a valid lien, a valid security agreement, or a judgment of a court of competent jurisdiction; is for an improper purpose or purposes, such as to harass, hinder, defraud, or otherwise interfere with any person; or contains materially false or misleading information. Imposes criminal penalties for violations and civil liability to injured persons. Requires the Secretary of State to make available a form affidavit to provide notice of a fraudulent financing statement or amendment. Contains provisions regarding: filing a fraudulent filing affidavit; additional documentation supporting a filing; review of documentation; termination of a financing statement or amendment; fees; notice; reinstatement; liability; effectiveness; and other matters. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2012
Committee Review
Apr 2012
House Passage
May 2012
Senate Passage
May 2012
Signed into Law
Jul 2012
Introduced Mar 29, 2012 Signed Jul 20, 2012
Floor votes · Senate May 22, 2012 · House Mar 28, 2012

How they voted

52–0
Passed · 3 other
Total votes 55
May 22, 2012
D Democratic32
31 Yea 1
96% Yea
R Republican23
21 Yea 2
91% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
32
Key actions
8
Committee
8
Amendments
2
Jul 20, 2012
Signed into law
Governor Approved
lower
May 22, 2012
Lower · Passed
Passed Both Houses
lower
May 22, 2012
Senate · Passed
Senate Vote: pass (52-0-3)
senate
Apr 18, 2012
Upper · Passed
Do Pass Judiciary; 008-000-000
upper
Apr 11, 2012
Committee
Assigned to Judiciary
upper
Mar 29, 2012
Committee
Referred to Assignments
upper
Mar 29, 2012
Introduced
Arrive in Senate
upper
Mar 28, 2012
Lower · Passed
House Floor Amendment No. 1 Adopted by Voice Vote
lower
Mar 28, 2012
House · Passed
House Vote: pass (103-0-3)
house
Mar 22, 2012
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
lower
Mar 21, 2012
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 21, 2012
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
lower
Mar 7, 2012
Lower · Passed
Do Pass / Short Debate Judiciary I - Civil Law Committee; 010-000-000
lower
Feb 27, 2012
Committee
Assigned to Judiciary I - Civil Law Committee
lower
Feb 8, 2012
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.