Fabio
111 lines
6.8 KiB
Markdown
111 lines
6.8 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "CONSUMER LEGAL-REFINANCING"
|
||
description: "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."
|
||
jurisdiction: "us/states/il"
|
||
legislature: "Illinois General Assembly"
|
||
session: "103rd"
|
||
identifier: "SB 3314"
|
||
citation: "Illinois SB 3314 (103rd)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: ["Bill Cunningham", "Curtis J. Tarver, II"]
|
||
version_count: 5
|
||
action_count: 43
|
||
vote_count: 7
|
||
first_action: "2024-02-07"
|
||
last_action: "2024-08-09"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/cb02cc2b-f9d8-4888-8d16-5d0656e5bd62"
|
||
source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=3314&GAID=17&DocTypeID=SB&LegId=152717&SessionID=112"
|
||
source_hash: "57579bd0518326f2da41205015d28bb8af79a9c2f24de96a72e812656ea64e08"
|
||
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 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](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3314.pdf)
|
||
2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3314eng.pdf)
|
||
3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3314ham001.pdf)
|
||
4. **House Amendment 002** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3314ham002.pdf)
|
||
5. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB3314enr.pdf)
|
||
|
||
## 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](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cb02cc2b-f9d8-4888-8d16-5d0656e5bd62`. Confidence: reported (aggregated from official Illinois legislature records).
|
||
|