republic-os/legislation/us/states/il/100th/sb-3392.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	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.	us/states/il	Illinois General Assembly	100th	SB 3392	Illinois SB 3392 (100th)	bill		enacted		3	33	2	2018-02-16	2018-07-20	openstates	ocd-bill/9a9cf301-5ab8-45f8-b42f-a07075ab0705	http://ilga.gov/legislation/BillStatus.asp?DocNum=3392&GAID=14&DocTypeID=SB&LegId=111336&SessionID=91&GA=100	ad23a2c1605e8972a74551753251cdd8a7aac7b5f38d7cfa663bd560ad390273	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	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
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

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; origin ocd-bill/9a9cf301-5ab8-45f8-b42f-a07075ab0705. Confidence: reported (aggregated from official Illinois legislature records).