republic-os/legislation/us/states/il/103rd/sb-3314.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	CONSUMER LEGAL-REFINANCING	Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after the effective date of the amendatory Act. Authorizes the Department to adopt rules to permit the refinancing of consumer legal fundings. Makes conforming changes to contract disclosures.	us/states/il	Illinois General Assembly	103rd	SB 3314	Illinois SB 3314 (103rd)	bill		enacted	Bill Cunningham Curtis J. Tarver, II	5	43	7	2024-02-07	2024-08-09	openstates	ocd-bill/cb02cc2b-f9d8-4888-8d16-5d0656e5bd62	https://beta.ilga.gov/Legislation/BillStatus?DocNum=3314&GAID=17&DocTypeID=SB&LegId=152717&SessionID=112	57579bd0518326f2da41205015d28bb8af79a9c2f24de96a72e812656ea64e08	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 3314 (103rd) — CONSUMER LEGAL-REFINANCING

Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after the effective date of the amendatory Act. Authorizes the Department to adopt rules to permit the refinancing of consumer legal fundings. Makes conforming changes to contract disclosures.

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. House Amendment 001 (committee substitute) — source
4. House Amendment 002 (committee substitute) — source
5. Enrolled (enrolled) — source

Votes

• Judiciary, Amendment 2 — 5–3 (pass) · lower
• Judiciary — 6–3 (pass) · lower
• Concurrence, Amendment 2 — 41–18 (pass) · lower
• Third Reading — 78–35 (pass) · lower
• Financial Institutions & Licensing — 8–4 (pass) · lower
• Third Reading — 40–18 (pass) · lower
• Financial Institutions & Licensing, Amendment 2 — 7–4 (pass) · lower

Sponsors

• Bill Cunningham — primary (person)
• Curtis J. Tarver, II — primary (person)

Timeline

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

• 2024-02-07 Filed with Secretary by Sen. Bill Cunningham filing
• 2024-02-07 First Reading reading-1
• 2024-02-07 Referred to Assignments
• 2024-02-20 Assigned to Judiciary referral-committee
• 2024-03-06 Do Pass Judiciary; 006-003-000
• 2024-03-06 Placed on Calendar Order of 2nd Reading March 7, 2024 reading-2
• 2024-03-14 Second Reading reading-2
• 2024-03-14 Placed on Calendar Order of 3rd Reading March 20, 2024
• 2024-04-10 Third Reading - Passed; 040-018-000 passage, reading-3
• 2024-04-10 Arrived in House introduction
• 2024-04-10 Chief House Sponsor Rep. Nabeela Syed
• 2024-04-10 Alternate Chief Sponsor Changed to Rep. Curtis J. Tarver, II
• 2024-04-11 First Reading reading-1
• 2024-04-11 Referred to Rules Committee
• 2024-04-24 Assigned to Financial Institutions and Licensing Committee referral-committee
• 2024-04-29 House Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II amendment-introduction
• 2024-04-29 House Committee Amendment No. 1 Referred to Rules Committee
• 2024-04-30 Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
• 2024-04-30 House Committee Amendment No. 1 Tabled amendment-failure
• 2024-05-01 Placed on Calendar 2nd Reading - Short Debate reading-2
• 2024-05-07 House Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II amendment-introduction
• 2024-05-07 House Floor Amendment No. 2 Referred to Rules Committee
• 2024-05-13 House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee
• 2024-05-16 Second Reading - Short Debate reading-2
• 2024-05-16 Held on Calendar Order of Second Reading - Short Debate reading-2
• 2024-05-17 Third Reading/Final Action Deadline Extended-9(b) May 24, 2024
• 2024-05-20 House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 007-004-000 committee-passage-favorable
• 2024-05-21 House Floor Amendment No. 2 Adopted amendment-passage
• 2024-05-21 Placed on Calendar Order of 3rd Reading - Short Debate
• 2024-05-21 Third Reading - Short Debate - Passed 078-035-000 passage, reading-3
• 2024-05-21 Secretary's Desk - Concurrence House Amendment(s) 2
• 2024-05-21 Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024
• 2024-05-23 House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Bill Cunningham filing
• 2024-05-23 House Floor Amendment No. 2 Motion to Concur Referred to Assignments
• 2024-05-23 House Floor Amendment No. 2 Motion to Concur Assignments Referred to Judiciary
• 2024-05-23 House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Judiciary; 005-003-000
• 2024-05-24 House Floor Amendment No. 2 Senate Concurs 041-018-000
• 2024-05-24 Senate Concurs
• 2024-05-24 Passed Both Houses
• 2024-06-21 Sent to the Governor executive-receipt
• 2024-08-09 Governor Approved executive-signature
• 2024-08-09 Effective Date January 1, 2025
• 2024-08-09 Public Act . . . . . . . . . 103-0974 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/cb02cc2b-f9d8-4888-8d16-5d0656e5bd62. Confidence: reported (aggregated from official Illinois legislature records).