Fabio
134 lines
9.1 KiB
Markdown
134 lines
9.1 KiB
Markdown
---
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type: "Bill"
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title: "UCC - FRAUDULENT FINANCING"
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description: "Amends the Uniform Commercial Code. Provides that no person shall file a fraudulent financing statement and assigns civil and criminal penalties for such filings. Provides a procedure for filing a form affidavit to provide notice of a fraudulent financing statement or amendment and provides guidance for when the Secretary of State may terminate the financing statement or amendment based on the affidavit. Provides that a filing office may terminate a record under specified circumstances with notice to the filer of the financing statement or amendment. Provides several circumstances where effective filing does not occur. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "97th"
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identifier: "SB 1692"
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citation: "Illinois SB 1692 (97th)"
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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: 70
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vote_count: 4
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first_action: "2011-02-09"
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last_action: "2012-07-25"
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source: "openstates"
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source_identifier: "ocd-bill/efa2e1ca-fbc5-48dd-9192-4f7adb20bf92"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1692&GAID=11&DocTypeID=SB&LegId=57688&SessionID=84&GA=97"
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source_hash: "9891373875222515c7d5d9334cb8a2225b28890019806093acb8b95a8b71c9e6"
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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 1692 (97th) — UCC - FRAUDULENT FINANCING
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Amends the Uniform Commercial Code. Provides that no person shall file a fraudulent financing statement and assigns civil and criminal penalties for such filings. Provides a procedure for filing a form affidavit to provide notice of a fraudulent financing statement or amendment and provides guidance for when the Secretary of State may terminate the financing statement or amendment based on the affidavit. Provides that a filing office may terminate a record under specified circumstances with notice to the filer of the financing statement or amendment. Provides several circumstances where effective filing does not occur. 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=09700SB1692&GA=97&SessionId=84&DocTypeId=SB&LegID=57688&DocNum=1692&GAID=11&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700SB1692eng&GA=97&SessionId=84&DocTypeId=SB&LegID=57688&DocNum=1692&GAID=11&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700SB1692enr&GA=97&SessionId=84&DocTypeId=SB&LegID=57688&DocNum=1692&GAID=11&Session=&print=true)
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## Votes
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- Third Reading — **52–0** (pass) · upper
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- Concurrence, Amendment 4 — **55–0** (pass) · upper
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- Third Reading — **118–0** (pass) · lower
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- Concurrence — **55–0** (pass) · upper
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## Sponsors
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- Carol A. Sente — cosponsor (person)
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- Jacqueline Y. Collins — cosponsor (person)
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- Lou Lang — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2011-02-09** Filed with Secretary by Sen. A. J. Wilhelmi `filing`
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- **2011-02-09** First Reading `reading-1`
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- **2011-02-09** Referred to Assignments `referral-committee`
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- **2011-03-02** Assigned to Criminal Law `referral-committee`
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- **2011-03-09** Do Pass Criminal Law; 008-000-000 `committee-passage`
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- **2011-03-09** Placed on Calendar Order of 2nd Reading March 10, 2011
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- **2011-03-10** Second Reading `reading-2`
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- **2011-03-10** Placed on Calendar Order of 3rd Reading March 14, 2011
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- **2011-03-31** Third Reading - Passed; 052-000-000 `reading-3, passage`
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- **2011-03-31** Arrived in House `introduction`
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- **2011-04-04** Placed on Calendar Order of First Reading `reading-1`
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- **2011-04-04** Chief House Sponsor Rep. Kenneth Dunkin
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- **2011-04-04** First Reading `reading-1`
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- **2011-04-04** Referred to Rules Committee `referral-committee`
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- **2011-04-11** Assigned to Judiciary I - Civil Law Committee `referral-committee`
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- **2011-04-25** House Committee Amendment No. 1 Filed with Clerk by Rep. Kenneth Dunkin `amendment-introduction`
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- **2011-04-25** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2011-04-27** House Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee
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- **2011-05-04** Do Pass / Short Debate Judiciary I - Civil Law Committee; 011-000-000 `committee-passage`
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- **2011-05-04** Placed on Calendar 2nd Reading - Short Debate
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- **2011-05-04** House Committee Amendment No. 1 Tabled Pursuant to Rule 40 `amendment-failure`
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- **2011-05-23** Second Reading - Short Debate `reading-2`
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- **2011-05-23** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2011-05-23** Recalled to Second Reading - Short Debate `reading-2`
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- **2011-05-23** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2011-05-27** Final Action Deadline Extended-9(b) May 31, 2011
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- **2011-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2012-04-24** Alternate Chief Sponsor Changed to Rep. Michael J. Zalewski
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- **2012-04-24** Chief Sponsor Changed to Sen. John J. Cullerton
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- **2012-04-25** Assigned to Judiciary I - Civil Law Committee `referral-committee`
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- **2012-04-27** House Committee Amendment No. 2 Filed with Clerk by Rep. Michael J. Zalewski `amendment-introduction`
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- **2012-04-27** House Committee Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2012-04-30** House Committee Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee
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- **2012-05-02** Added Alternate Co-Sponsor Rep. Lou Lang
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- **2012-05-02** Added Alternate Co-Sponsor Rep. Carol A. Sente
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- **2012-05-02** House Committee Amendment No. 2 Adopted in Judiciary I - Civil Law Committee; by Voice Vote `amendment-passage`
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- **2012-05-02** Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 010-000-000 `committee-passage`
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- **2012-05-02** Placed on Calendar 2nd Reading - Short Debate
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- **2012-05-08** Added Alternate Chief Co-Sponsor Rep. Randy Ramey, Jr.
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- **2012-05-08** House Floor Amendment No. 3 Filed with Clerk by Rep. Michael J. Zalewski `amendment-introduction`
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- **2012-05-08** House Floor Amendment No. 3 Referred to Rules Committee `referral-committee`
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- **2012-05-10** Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2012-05-10** Sponsor Removed Sen. Jacqueline Y. Collins
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- **2012-05-16** House Floor Amendment No. 4 Filed with Clerk by Rep. Michael J. Zalewski `amendment-introduction`
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- **2012-05-16** House Floor Amendment No. 4 Referred to Rules Committee `referral-committee`
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- **2012-05-21** House Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
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- **2012-05-21** Second Reading - Short Debate `reading-2`
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- **2012-05-21** House Floor Amendment No. 4 Adopted by Voice Vote `amendment-passage`
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- **2012-05-21** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2012-05-22** Third Reading - Short Debate - Passed 118-000-000 `reading-3, passage`
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- **2012-05-22** House Floor Amendment No. 3 Tabled Pursuant to Rule 40 `amendment-failure`
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- **2012-05-22** Secretary's Desk - Concurrence House Amendment(s) 2, 4
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- **2012-05-22** Placed on Calendar Order of Concurrence House Amendment(s) 2, 4 - May 23, 2012
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- **2012-05-24** Chief Sponsor Changed to Sen. Jacqueline Y. Collins
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- **2012-05-24** Added as Chief Co-Sponsor Sen. John J. Cullerton
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- **2012-05-24** House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins `filing`
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- **2012-05-24** House Committee Amendment No. 2 Motion to Concur Referred to Assignments `referral-committee`
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- **2012-05-24** House Floor Amendment No. 4 Motion to Concur Filed with Secretary Sen. Jacqueline Y. Collins `filing`
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- **2012-05-24** House Floor Amendment No. 4 Motion to Concur Referred to Assignments `referral-committee`
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- **2012-05-25** House Committee Amendment No. 2 Motion to Concur Assignments Referred to Financial Institutions `referral-committee`
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- **2012-05-25** House Floor Amendment No. 4 Motion to Concur Assignments Referred to Financial Institutions `referral-committee`
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- **2012-05-29** House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Financial Institutions; 007-000-000
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- **2012-05-29** House Floor Amendment No. 4 Motion To Concur Recommended Do Adopt Financial Institutions; 007-000-000
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- **2012-05-30** House Committee Amendment No. 2 Senate Concurs 055-000-000
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- **2012-05-30** House Floor Amendment No. 4 Senate Concurs 055-000-000
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- **2012-05-30** Passed Both Houses
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- **2012-06-28** Sent to the Governor `executive-receipt`
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- **2012-07-25** Governor Approved `executive-signature`
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- **2012-07-25** Effective Date January 1, 2013
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- **2012-07-25** Public Act . . . . . . . . . 97-0849 `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/efa2e1ca-fbc5-48dd-9192-4f7adb20bf92`. Confidence: reported (aggregated from official Illinois legislature records).
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