Fabio
6.3 KiB
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 | ||||
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| Bill | INSTALLMENT SALES-DEFINITIONS | Amends the Installment Sales Contract Act. Provides that "installment sales contract" does not include a financing arrangement offered by a third-party religious or cultural lender. Defines "third-party religious or cultural lender" as an individual or legal entity licensed under the Residential Mortgage License Act of 1987 that is in compliance with the principles and norms of an established religious or cultural legal system and that is obtaining an interest in a residential dwelling solely as collateral security for a financing arrangement that for religious or cultural reasons does not allow the imposition or collection of interest and had no interest in the residential dwelling prior to the consummation of the financing arrangement, other than an interest in the nature of collateral security that may have been obtained as part of a prior financing arrangement made by the third-party lender. | us/states/il | Illinois General Assembly | 101st | SB 1514 | Illinois SB 1514 (101st) |
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enacted | 3 | 33 | 2 | 2019-02-15 | 2019-08-23 | openstates | ocd-bill/c17fdd2c-37d4-4e7c-8a17-d374f5e2b615 | http://ilga.gov/legislation/BillStatus.asp?DocNum=1514&GAID=15&DocTypeID=SB&LegId=118433&SessionID=108&GA=101 | 3a054745ee4b4299e40e4e197fa9ba85f785da5a120abd549d374336ab77e841 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois SB 1514 (101st) — INSTALLMENT SALES-DEFINITIONS
Amends the Installment Sales Contract Act. Provides that "installment sales contract" does not include a financing arrangement offered by a third-party religious or cultural lender. Defines "third-party religious or cultural lender" as an individual or legal entity licensed under the Residential Mortgage License Act of 1987 that is in compliance with the principles and norms of an established religious or cultural legal system and that is obtaining an interest in a residential dwelling solely as collateral security for a financing arrangement that for religious or cultural reasons does not allow the imposition or collection of interest and had no interest in the residential dwelling prior to the consummation of the financing arrangement, other than an interest in the nature of collateral security that may have been obtained as part of a prior financing arrangement made by the third-party lender.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 106–0 (pass) · lower
- Third Reading — 39–19 (pass) · upper
Sponsors
- Camille Y. Lilly — cosponsor (person)
- Jacqueline Y. Collins — cosponsor (person)
- Jehan Gordon-Booth — primary (person)
- Justin Slaughter — cosponsor (person)
- Mattie Hunter — cosponsor (person)
- Ryan Spain — cosponsor (person)
- Tim Butler — cosponsor (person)
- Toi W. Hutchinson — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2019-02-15 Filed with Secretary by Sen. Toi W. Hutchinson
filing - 2019-02-15 First Reading
reading-1 - 2019-02-15 Referred to Assignments
referral-committee - 2019-02-27 Assigned to Financial Institutions
referral-committee - 2019-03-13 Do Pass Financial Institutions; 005-003-000
committee-passage - 2019-03-13 Placed on Calendar Order of 2nd Reading March 14, 2019
- 2019-04-04 Second Reading
reading-2 - 2019-04-04 Placed on Calendar Order of 3rd Reading April 9, 2019
- 2019-04-09 Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
- 2019-04-10 Third Reading - Passed; 039-019-000
reading-3, passage - 2019-04-10 Added as Co-Sponsor Sen. Mattie Hunter
- 2019-04-10 Arrived in House
introduction - 2019-04-10 Chief House Sponsor Rep. Marcus C. Evans, Jr.
- 2019-04-10 First Reading
reading-1 - 2019-04-10 Referred to Rules Committee
referral-committee - 2019-04-24 Assigned to Financial Institutions Committee
referral-committee - 2019-05-07 Added Alternate Co-Sponsor Rep. Justin Slaughter
- 2019-05-07 Alternate Chief Sponsor Changed to Rep. Jehan Gordon-Booth
- 2019-05-07 Do Pass / Short Debate Financial Institutions Committee; 012-000-000
committee-passage - 2019-05-08 Placed on Calendar 2nd Reading - Short Debate
- 2019-05-21 Second Reading - Short Debate
reading-2 - 2019-05-21 Placed on Calendar Order of 3rd Reading - Short Debate
- 2019-05-24 Final Action Deadline Extended-9(b) May 31, 2019
- 2019-05-31 Final Action Deadline Extended-9(b) June 30, 2019
- 2019-06-01 Added Alternate Chief Co-Sponsor Rep. Ryan Spain
- 2019-06-01 Added Alternate Chief Co-Sponsor Rep. Camille Y. Lilly
- 2019-06-01 Added Alternate Chief Co-Sponsor Rep. Tim Butler
- 2019-06-01 Third Reading - Short Debate - Passed 106-000-000
reading-3, passage - 2019-06-01 Passed Both Houses
- 2019-06-28 Sent to the Governor
executive-receipt - 2019-08-23 Governor Approved
executive-signature - 2019-08-23 Effective Date June 1, 2020
- 2019-08-23 Public Act . . . . . . . . . 101-0557
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c17fdd2c-37d4-4e7c-8a17-d374f5e2b615. Confidence: reported (aggregated from official Illinois legislature records).