---
type: "Bill"
title: "INSTALLMENT SALE NO INTEREST"
description: "Amends the Installment Sales Contract Act. Excludes from the scope of the term \"installment sales contract\" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "100th"
identifier: "SB 3392"
citation: "Illinois SB 3392 (100th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 33
vote_count: 2
first_action: "2018-02-16"
last_action: "2018-07-20"
source: "openstates"
source_identifier: "ocd-bill/9a9cf301-5ab8-45f8-b42f-a07075ab0705"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3392&GAID=14&DocTypeID=SB&LegId=111336&SessionID=91&GA=100"
source_hash: "ad23a2c1605e8972a74551753251cdd8a7aac7b5f38d7cfa663bd560ad390273"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois SB 3392 (100th) — INSTALLMENT SALE NO INTEREST

Amends the Installment Sales Contract Act. Excludes from the scope of the term "installment sales contract" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB3392&GA=100&SessionId=91&DocTypeId=SB&LegID=111336&DocNum=3392&GAID=14&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB3392eng&GA=100&SessionId=91&DocTypeId=SB&LegID=111336&DocNum=3392&GAID=14&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000SB3392enr&GA=100&SessionId=91&DocTypeId=SB&LegID=111336&DocNum=3392&GAID=14&Session=&print=true)

## Votes

- Third Reading — **116–1** (pass) · lower
- Third Reading — **53–0** (pass) · upper

## Sponsors

- David Koehler — primary (person)
- Peter Breen — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-16** Filed with Secretary by Sen. David Koehler `filing`
- **2018-02-16** First Reading `reading-1`
- **2018-02-16** Referred to Assignments `referral-committee`
- **2018-02-27** Assigned to Financial Institutions `referral-committee`
- **2018-03-06** Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler `amendment-introduction`
- **2018-03-06** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2018-03-13** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
- **2018-04-11** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2018-04-11** Do Pass as Amended Financial Institutions; 007-000-000 `committee-passage`
- **2018-04-11** Placed on Calendar Order of 2nd Reading April 12, 2018
- **2018-04-19** Second Reading `reading-2`
- **2018-04-19** Placed on Calendar Order of 3rd Reading April 23, 2018
- **2018-04-24** Third Reading - Passed; 053-000-000 `reading-3, passage`
- **2018-04-24** Arrived in House `introduction`
- **2018-04-24** Chief House Sponsor Rep. Marcus C. Evans, Jr.
- **2018-04-24** First Reading `reading-1`
- **2018-04-24** Referred to Rules Committee `referral-committee`
- **2018-05-02** Assigned to Judiciary - Civil Committee `referral-committee`
- **2018-05-09** Added Alternate Co-Sponsor Rep. Peter Breen
- **2018-05-09** To Real & Personal Property Law Subcommittee
- **2018-05-16** Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 `committee-passage`
- **2018-05-16** Reported Back To Judiciary - Civil Committee;
- **2018-05-16** Do Pass / Short Debate Judiciary - Civil Committee; 010-000-000 `committee-passage`
- **2018-05-17** Placed on Calendar 2nd Reading - Short Debate
- **2018-05-21** Second Reading - Short Debate `reading-2`
- **2018-05-21** Placed on Calendar Order of 3rd Reading - Short Debate
- **2018-05-25** Final Action Deadline Extended-9(b) May 31, 2018
- **2018-05-29** Third Reading - Short Debate - Passed 116-001-000 `reading-3, passage`
- **2018-05-29** Passed Both Houses
- **2018-06-27** Sent to the Governor `executive-receipt`
- **2018-07-20** Governor Approved `executive-signature`
- **2018-07-20** Effective Date July 20, 2018
- **2018-07-20** Public Act . . . . . . . . . 100-0626 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9a9cf301-5ab8-45f8-b42f-a07075ab0705`. Confidence: reported (aggregated from official Illinois legislature records).