COLLATRAL PROT SERVICER COMPLY
Summary
Amends the Collateral Protection Act. Provides that a servicer subject to regulations issued by the Consumer Financial Protection Bureau under the Dodd-Frank Act that places hazard insurance in substantial compliance with those regulations shall be deemed in substantial compliance with this Act. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2014
Committee Review
May 2014
Senate Passage
May 2014
House Passage
May 2014
Signed into Law
Aug 2014
Introduced Apr 9, 2014
Signed Aug 26, 2014
Floor votes · Senate Apr 9, 2014 · House May 30, 2014
How they voted
50–0
Passed · 3 other
Total votes 53
Apr 9, 2014
D
Democratic35
97% Yea
R
Republican18
88% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
38
Key actions
6
Committee
6
Aug 26, 2014
Signed into law
Governor Approved
upper
May 30, 2014
Upper · Passed
Passed Both Houses
upper
May 30, 2014
House · Passed
House Vote: pass (99-0-7)
house
May 6, 2014
Lower · Passed
Do Pass / Short Debate Insurance Committee; 023-000-000
lower
Apr 28, 2014
Committee
Assigned to Insurance Committee
lower
Apr 9, 2014
Committee
Referred to Rules Committee
lower
Apr 9, 2014
Introduced
Arrived in House
lower
Apr 9, 2014
Senate · Passed
Senate Vote: pass (50-0-3)
senate
Mar 5, 2014
Upper · Passed
Do Pass Financial Institutions; 006-000-000
upper
Feb 25, 2014
Committee
Assigned to Financial Institutions
upper
Feb 14, 2014
Committee
Referred to Assignments
upper
0 primary · 2 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 3423
Scope: IL
Hi! I can help you understand SB 3423. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline