Illinois Senate Bill 3322 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 18 2010 - 50% progression, died in chamber
Action: 2010-11-17 - Held on Calendar Order of Second Reading - Short Debate
Text: Latest bill text (Engrossed) [HTML]

Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding must meet specified criteria. Provides that the contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt of funds, without penalty or further obligation. Specifies the notice requirements for contracts. Contains provisions concerning the dispute of contracts. Provides that each non-recourse civil litigation funding company shall adhere to specified best practices. Contains provisions concerning (1) the sale and assignment of proceeds of legal claims and (2) the requirements for non-recourse civil litigation funding companies by the Department of Financial and Professional Regulation. Provides that the Department shall maintain a list of all non-recourse civil litigation funding companies. Contains provisions concerning the power of the Department to issue cease and desist orders. Specifies penalties for violation of the Act. Contains provisions concerning judicial review and application of the Act. Amends the Consumer Installment Loan Act to exclude non-recourse civil litigation funding. Contains a severability clause. Effective immediately.

NON-RECOURSE CIV LIT FUND ACT

Sen. Don Harmon [D]

2010-03-18 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2010-11-17		Held on Calendar Order of Second Reading - Short Debate
2010-11-17		Second Reading - Short Debate
2010-11-16		Placed on Calendar 2nd Reading - Short Debate
2010-11-16		Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 010-007-000
2010-11-16		House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote
2010-11-16		House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee
2010-11-10		Assigned to Judiciary I - Civil Law Committee
2010-11-10		Final Action Deadline Extended-9(b) January 11, 2011
2010-04-22		Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
2010-03-25		Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
2010-03-18		Referred to Rules Committee
2010-03-18		First Reading
2010-03-18		Placed on Calendar Order of First Reading
2010-03-18		Chief House Sponsor Rep. Lou Lang
2010-03-18		Arrived in House
2010-03-18		Third Reading - Passed; 057-000-000
2010-03-18		Placed on Calendar Order of 3rd Reading
2010-03-18		Senate Floor Amendment No. 1 Adopted; Harmon
2010-03-18		Recalled to Second Reading
2010-03-16		Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 010-000-000
2010-03-16		Senate Floor Amendment No. 1 Assignments Refers to Judiciary
2010-03-15		Senate Floor Amendment No. 1 Referred to Assignments
2010-03-15		Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2010-03-11		Placed on Calendar Order of 3rd Reading March 12, 2010
2010-03-11		Second Reading
2010-03-03		Placed on Calendar Order of 2nd Reading March 4, 2010
2010-03-03		Do Pass Judiciary; 008-000-000
2010-02-24		Assigned to Judiciary
2010-02-10		Referred to Assignments
2010-02-10		First Reading
2010-02-10		Filed with Secretary by Sen. Don Harmon

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3322&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB3322.htm
Text	https://www.ilga.gov/legislation/96/SB/09600SB3322eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/96/senate/09600SB3322_03182010_068000T.pdf