Fabio
199 lines
12 KiB
Markdown
199 lines
12 KiB
Markdown
---
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type: "Bill"
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title: "CREDIT AGREEMENTS ACT-TECH"
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description: "Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "96th"
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identifier: "SB 1578"
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citation: "Illinois SB 1578 (96th)"
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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: 105
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vote_count: 3
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first_action: "2009-02-19"
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last_action: "2010-04-13"
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source: "openstates"
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source_identifier: "ocd-bill/92ba91fe-c436-4ebc-8744-30b3c281a9af"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1578&GAID=10&DocTypeID=SB&LegId=44154&SessionID=76&GA=96"
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source_hash: "81c1b71dfe0dda537e4ad791a9bd106523644e54b98dba3473356b08e51b1942"
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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 1578 (96th) — CREDIT AGREEMENTS ACT-TECH
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Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. 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=09600SB1578&GA=96&SessionId=76&DocTypeId=SB&LegID=44154&DocNum=1578&GAID=10&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB1578eng&GA=96&SessionId=76&DocTypeId=SB&LegID=44154&DocNum=1578&GAID=10&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB1578enr&GA=96&SessionId=76&DocTypeId=SB&LegID=44154&DocNum=1578&GAID=10&Session=&print=true)
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## Votes
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- Third Reading — **55–0** (pass) · upper
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- Concurrence — **57–0** (pass) · upper
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- Third Reading — **117–0** (pass) · lower
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## Sponsors
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- Charles E. Jefferson — cosponsor (person)
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- Cynthia Soto — cosponsor (person)
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- Darlene J. Senger — cosponsor (person)
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- Deborah Mell — cosponsor (person)
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- Dennis M. Reboletti — cosponsor (person)
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- Eddie Washington — cosponsor (person)
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- Emily McAsey — cosponsor (person)
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- Franco Coladipietro — cosponsor (person)
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- Fred Crespo — cosponsor (person)
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- Jack D. Franks — cosponsor (person)
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- Jehan A. Gordon — cosponsor (person)
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- John D'Amico — cosponsor (person)
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- John D. Cavaletto — cosponsor (person)
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- Joseph M. Lyons — cosponsor (person)
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- Karen May — cosponsor (person)
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- Kay Hatcher — cosponsor (person)
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- LaShawn K. Ford — cosponsor (person)
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- Linda Chapa LaVia — cosponsor (person)
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- Lisa M. Dugan — cosponsor (person)
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- Lou Lang — cosponsor (person)
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- Luis Arroyo — cosponsor (person)
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- Maria Antonia Berrios — cosponsor (person)
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- Mark L. Walker — cosponsor (person)
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- Michael G. Connelly — cosponsor (person)
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- Michael Noland — primary (person)
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- Monique D. Davis — cosponsor (person)
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- Patricia R. Bellock — cosponsor (person)
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- Paul D. Froehlich — cosponsor (person)
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- Renée Kosel — cosponsor (person)
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- Rich Brauer — cosponsor (person)
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- Rosemary Mulligan — cosponsor (person)
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- Sandra M. Pihos — cosponsor (person)
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- Sandy Cole — cosponsor (person)
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- Sidney H. Mathias — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2009-02-19** Filed with Secretary by Sen. A. J. Wilhelmi `filing`
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- **2009-02-19** First Reading `reading-1`
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- **2009-02-19** Referred to Assignments `referral-committee`
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- **2009-02-25** Assigned to Judiciary `referral-committee`
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- **2009-03-05** Postponed - Judiciary
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- **2009-03-11** Do Pass Judiciary; 008-000-000 `committee-passage`
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- **2009-03-11** Placed on Calendar Order of 2nd Reading March 12, 2009
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- **2009-03-25** Senate Floor Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi `amendment-introduction`
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- **2009-03-25** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
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- **2009-03-25** Senate Floor Amendment No. 2 Filed with Secretary by Sen. A. J. Wilhelmi `amendment-introduction`
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- **2009-03-25** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
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- **2009-03-30** Senate Floor Amendment No. 2 Assignments Refers to Judiciary
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- **2009-03-31** Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 007-000-000
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- **2009-03-31** Second Reading `reading-2`
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- **2009-03-31** Senate Floor Amendment No. 2 Adopted; Wilhelmi `amendment-passage`
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- **2009-03-31** Placed on Calendar Order of 3rd Reading April 1, 2009
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- **2009-04-02** Third Reading - Passed; 055-000-000 `reading-3, passage`
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- **2009-04-02** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2009-04-03** Arrived in House `introduction`
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- **2009-04-03** Placed on Calendar Order of First Reading `reading-1`
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- **2009-04-03** Chief House Sponsor Rep. Robert W. Pritchard
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- **2009-04-06** First Reading `reading-1`
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- **2009-04-06** Referred to Rules Committee `referral-committee`
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- **2009-04-20** Assigned to Executive Committee `referral-committee`
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- **2009-04-22** Alternate Chief Sponsor Changed to Rep. James D. Brosnahan
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- **2009-05-08** Committee/Final Action Deadline Extended-9(b) May 22, 2009
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- **2009-05-22** Final Action Deadline Extended-9(b) May 29, 2009
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- **2009-05-29** Final Action Deadline Extended-9(b) May 31, 2009
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- **2009-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2010-03-12** Alternate Chief Sponsor Changed to Rep. Michael J. Madigan
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- **2010-03-12** Assigned to Revenue & Finance Committee `referral-committee`
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- **2010-03-17** Added Alternate Chief Co-Sponsor Rep. Robert F. Flider
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- **2010-03-18** House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee `amendment-introduction`
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- **2010-03-18** House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote `amendment-passage`
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- **2010-03-18** Do Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000 `committee-passage`
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- **2010-03-18** Placed on Calendar 2nd Reading - Short Debate
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- **2010-03-18** Chief Sponsor Changed to Sen. Michael Noland
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- **2010-03-18** Added Alternate Co-Sponsor Rep. Eddie Washington
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- **2010-03-18** Added Alternate Co-Sponsor Rep. Charles E. Jefferson
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- **2010-03-19** Added Alternate Chief Co-Sponsor Rep. Michael K. Smith
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- **2010-03-19** Added Alternate Chief Co-Sponsor Rep. Keith Farnham
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- **2010-03-19** Added Alternate Chief Co-Sponsor Rep. Carol A. Sente
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Mark L. Walker
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Emily McAsey
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Jehan A. Gordon
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Fred Crespo
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Joseph M. Lyons
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Deborah Mell
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- **2010-03-19** Added Alternate Co-Sponsor Rep. Monique D. Davis
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- **2010-03-22** Second Reading - Short Debate `reading-2`
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- **2010-03-22** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2010-03-23** Added Alternate Co-Sponsor Rep. Lisa M. Dugan
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- **2010-03-23** Added Alternate Co-Sponsor Rep. LaShawn K. Ford
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- **2010-03-23** Added Alternate Co-Sponsor Rep. Karen May
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- **2010-03-24** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2010-03-24** Third Reading - Short Debate - Passed 117-000-000 `reading-3, passage`
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Lou Lang
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Maria Antonia Berrios
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Cynthia Soto
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Paul D. Froehlich
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Luis Arroyo
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- **2010-03-24** Added Alternate Co-Sponsor Rep. John D'Amico
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Jack D. Franks
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
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- **2010-03-24** Secretary's Desk - Concurrence House Amendment(s) 1
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- **2010-03-24** Placed on Calendar Order of Concurrence House Amendment(s) 1 - March 25, 2010
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Darlene J. Senger
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Kay Hatcher
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Michael G. Connelly
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Sandra M. Pihos
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Dennis M. Reboletti
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Rich Brauer
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Sidney H. Mathias
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Patricia R. Bellock
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Rosemary Mulligan
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- **2010-03-24** Added Alternate Co-Sponsor Rep. John D. Cavaletto
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Renée Kosel
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Sandy Cole
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- **2010-03-24** Added Alternate Co-Sponsor Rep. Franco Coladipietro
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- **2010-03-24** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Michael Noland `filing`
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- **2010-03-24** House Committee Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
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- **2010-03-24** House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive `referral-committee`
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- **2010-03-24** Added as Chief Co-Sponsor Sen. Deanna Demuzio
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- **2010-03-24** Added as Chief Co-Sponsor Sen. Linda Holmes
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- **2010-03-24** Added as Chief Co-Sponsor Sen. Michael Bond
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- **2010-03-24** Added as Chief Co-Sponsor Sen. Toi W. Hutchinson
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- **2010-03-24** Added as Co-Sponsor Sen. Michael W. Frerichs
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- **2010-03-24** Added as Co-Sponsor Sen. Dan Kotowski
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- **2010-03-24** Added as Co-Sponsor Sen. Gary Forby
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- **2010-03-24** Added as Co-Sponsor Sen. Mattie Hunter
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- **2010-03-24** Added as Co-Sponsor Sen. Ira I. Silverstein
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- **2010-03-24** Added as Co-Sponsor Sen. M. Maggie Crotty
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- **2010-03-24** Added as Co-Sponsor Sen. Emil Jones, III
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- **2010-03-24** Added as Co-Sponsor Sen. Martin A. Sandoval
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- **2010-03-24** Added as Co-Sponsor Sen. John M. Sullivan
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- **2010-03-24** Added as Co-Sponsor Sen. Kimberly A. Lightford
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- **2010-03-24** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-001-000
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- **2010-03-25** Added as Co-Sponsor Sen. Kwame Raoul
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- **2010-03-25** Added as Co-Sponsor Sen. Jacqueline Y. Collins
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- **2010-03-25** House Committee Amendment No. 1 Senate Concurs 057-000-000
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- **2010-03-25** Passed Both Houses
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- **2010-04-09** Sent to the Governor `executive-receipt`
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- **2010-04-13** Governor Approved `executive-signature`
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- **2010-04-13** Effective Date April 13, 2010
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- **2010-04-13** Public Act . . . . . . . . . 96-0888 `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/92ba91fe-c436-4ebc-8744-30b3c281a9af`. Confidence: reported (aggregated from official Illinois legislature records).
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