Fabio
100 lines
8.0 KiB
Markdown
100 lines
8.0 KiB
Markdown
---
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type: "Bill"
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title: "STRUCTURED SETTLEMENT TRANSFER"
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description: "Amends the Structured Settlement Protection Act. Provides that the structured settlement obligor and the annuity issuer shall be discharged from any and all liability by complying with a court order approving a transfer of structured settlement payment rights, and shall not have or incur any liability to the payee, transferee, or assignee as a result of the failure of the court order, transfer agreement, disclosure statement, or the transfer proceeding to comply with the Act, another applicable State or federal statute relating to structured settlement transfers, or any other law. Provides that an application for approval of a structured settlement transfer shall be brought in the circuit court of the county in which the payee is domiciled at the time the transfer agreement was signed or, if the payee is not domiciled in this State or in any other state that has enacted a statute that requires court approval of a transfer of structured settlement payment rights, then the application may be brought in the county in which the structured settlement obligor or annuity issuer is domiciled or has its principal place of business in this State. Provides what information is necessary to make an application to the court under the Act. Provides that a court may review all applications for transfer filed, and may approve or deny a transfer despite the existence of terms in the underlying settlement agreement, qualified assignment, related annuity, or in any other relevant document that purports to restrict or preclude the payee's right or power to assign or transfer structured settlement payment rights. Makes other changes."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "99th"
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identifier: "SB 1268"
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citation: "Illinois SB 1268 (99th)"
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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: 39
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vote_count: 2
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first_action: "2015-02-17"
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last_action: "2015-08-05"
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source: "openstates"
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source_identifier: "ocd-bill/c14b3cbd-2e00-4c7d-8477-2374c38e4780"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1268&GAID=13&DocTypeID=SB&LegId=87739&SessionID=88&GA=99"
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source_hash: "6c530387aa64a3763a616cd62d7e245998262842b71a8891af64519e29e5a0f2"
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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 1268 (99th) — STRUCTURED SETTLEMENT TRANSFER
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Amends the Structured Settlement Protection Act. Provides that the structured settlement obligor and the annuity issuer shall be discharged from any and all liability by complying with a court order approving a transfer of structured settlement payment rights, and shall not have or incur any liability to the payee, transferee, or assignee as a result of the failure of the court order, transfer agreement, disclosure statement, or the transfer proceeding to comply with the Act, another applicable State or federal statute relating to structured settlement transfers, or any other law. Provides that an application for approval of a structured settlement transfer shall be brought in the circuit court of the county in which the payee is domiciled at the time the transfer agreement was signed or, if the payee is not domiciled in this State or in any other state that has enacted a statute that requires court approval of a transfer of structured settlement payment rights, then the application may be brought in the county in which the structured settlement obligor or annuity issuer is domiciled or has its principal place of business in this State. Provides what information is necessary to make an application to the court under the Act. Provides that a court may review all applications for transfer filed, and may approve or deny a transfer despite the existence of terms in the underlying settlement agreement, qualified assignment, related annuity, or in any other relevant document that purports to restrict or preclude the payee's right or power to assign or transfer structured settlement payment rights. Makes other changes.
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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=09900SB1268&GA=99&SessionId=88&DocTypeId=SB&LegID=87739&DocNum=1268&GAID=13&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB1268eng&GA=99&SessionId=88&DocTypeId=SB&LegID=87739&DocNum=1268&GAID=13&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB1268enr&GA=99&SessionId=88&DocTypeId=SB&LegID=87739&DocNum=1268&GAID=13&Session=&print=true)
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## Votes
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- Third Reading — **57–0** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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## Sponsors
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- André Thapedi — cosponsor (person)
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- William R. Haine — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2015-02-17** Filed with Secretary by Sen. William R. Haine `filing`
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- **2015-02-17** First Reading `reading-1`
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- **2015-02-17** Referred to Assignments `referral-committee`
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- **2015-03-03** Assigned to Judiciary `referral-committee`
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- **2015-03-18** Postponed - Judiciary
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- **2015-03-20** Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine `amendment-introduction`
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- **2015-03-20** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2015-03-24** Senate Committee Amendment No. 1 Assignments Refers to Judiciary
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- **2015-03-24** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2015-03-24** Do Pass as Amended Judiciary; 012-000-000 `committee-passage`
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- **2015-03-24** Placed on Calendar Order of 2nd Reading March 25, 2015
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- **2015-03-25** Second Reading `reading-2`
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- **2015-03-25** Placed on Calendar Order of 3rd Reading March 26, 2015
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- **2015-04-14** Senate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine `amendment-introduction`
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- **2015-04-14** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
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- **2015-04-21** Senate Floor Amendment No. 2 Assignments Refers to Judiciary
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- **2015-04-22** Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 011-000-000
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- **2015-04-22** Recalled to Second Reading `reading-2`
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- **2015-04-22** Senate Floor Amendment No. 2 Adopted; Haine `amendment-passage`
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- **2015-04-22** Placed on Calendar Order of 3rd Reading
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- **2015-04-22** Third Reading - Passed; 057-000-000 `reading-3, passage`
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- **2015-04-23** Arrived in House `introduction`
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- **2015-04-23** Chief House Sponsor Rep. Michael J. Zalewski
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- **2015-04-23** First Reading `reading-1`
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- **2015-04-23** Referred to Rules Committee `referral-committee`
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- **2015-05-04** Assigned to Judiciary - Civil Committee `referral-committee`
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- **2015-05-08** Added Alternate Chief Co-Sponsor Rep. Peter Breen
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- **2015-05-08** Committee Deadline Extended-Rule 9(b) May 15, 2015
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- **2015-05-13** Added Alternate Co-Sponsor Rep. André Thapedi
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- **2015-05-13** Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000 `committee-passage`
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- **2015-05-13** Placed on Calendar 2nd Reading - Short Debate
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- **2015-05-19** Second Reading - Short Debate `reading-2`
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- **2015-05-19** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2015-05-20** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2015-05-20** Passed Both Houses
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- **2015-06-18** Sent to the Governor `executive-receipt`
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- **2015-08-05** Governor Approved `executive-signature`
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- **2015-08-05** Effective Date August 5, 2015
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- **2015-08-05** Public Act . . . . . . . . . 99-0286 `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/c14b3cbd-2e00-4c7d-8477-2374c38e4780`. Confidence: reported (aggregated from official Illinois legislature records).
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