Fabio
94 lines
4.9 KiB
Markdown
94 lines
4.9 KiB
Markdown
---
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type: "Bill"
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title: "INSTALLMENT SALE NO INTEREST"
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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."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "SB 3392"
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citation: "Illinois SB 3392 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 33
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vote_count: 2
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first_action: "2018-02-16"
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last_action: "2018-07-20"
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source: "openstates"
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source_identifier: "ocd-bill/9a9cf301-5ab8-45f8-b42f-a07075ab0705"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3392&GAID=14&DocTypeID=SB&LegId=111336&SessionID=91&GA=100"
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source_hash: "ad23a2c1605e8972a74551753251cdd8a7aac7b5f38d7cfa663bd560ad390273"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 3392 (100th) — INSTALLMENT SALE NO INTEREST
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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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)
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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)
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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)
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## Votes
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- Third Reading — **116–1** (pass) · lower
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- Third Reading — **53–0** (pass) · upper
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## Sponsors
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- David Koehler — primary (person)
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- Peter Breen — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-16** Filed with Secretary by Sen. David Koehler `filing`
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- **2018-02-16** First Reading `reading-1`
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- **2018-02-16** Referred to Assignments `referral-committee`
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- **2018-02-27** Assigned to Financial Institutions `referral-committee`
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- **2018-03-06** Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler `amendment-introduction`
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- **2018-03-06** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2018-03-13** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
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- **2018-04-11** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2018-04-11** Do Pass as Amended Financial Institutions; 007-000-000 `committee-passage`
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- **2018-04-11** Placed on Calendar Order of 2nd Reading April 12, 2018
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- **2018-04-19** Second Reading `reading-2`
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- **2018-04-19** Placed on Calendar Order of 3rd Reading April 23, 2018
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- **2018-04-24** Third Reading - Passed; 053-000-000 `reading-3, passage`
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- **2018-04-24** Arrived in House `introduction`
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- **2018-04-24** Chief House Sponsor Rep. Marcus C. Evans, Jr.
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- **2018-04-24** First Reading `reading-1`
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- **2018-04-24** Referred to Rules Committee `referral-committee`
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- **2018-05-02** Assigned to Judiciary - Civil Committee `referral-committee`
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- **2018-05-09** Added Alternate Co-Sponsor Rep. Peter Breen
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- **2018-05-09** To Real & Personal Property Law Subcommittee
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- **2018-05-16** Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 `committee-passage`
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- **2018-05-16** Reported Back To Judiciary - Civil Committee;
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- **2018-05-16** Do Pass / Short Debate Judiciary - Civil Committee; 010-000-000 `committee-passage`
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- **2018-05-17** Placed on Calendar 2nd Reading - Short Debate
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- **2018-05-21** Second Reading - Short Debate `reading-2`
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- **2018-05-21** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-05-25** Final Action Deadline Extended-9(b) May 31, 2018
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- **2018-05-29** Third Reading - Short Debate - Passed 116-001-000 `reading-3, passage`
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- **2018-05-29** Passed Both Houses
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- **2018-06-27** Sent to the Governor `executive-receipt`
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- **2018-07-20** Governor Approved `executive-signature`
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- **2018-07-20** Effective Date July 20, 2018
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- **2018-07-20** Public Act . . . . . . . . . 100-0626 `became-law`
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## Source
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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).
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