Bill Text: IL HB0073 | 2023-2024 | 103rd General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Consumer Legal Funding Act. Provides that the provisions of the Act do not apply to consumer legal funding if (i) the amount of funding is greater than $500,000 and (ii) the consumer does not use or intend to use any of the proceeds for personal, family, or household expenses. Makes other changes.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Engrossed) 2023-06-26 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [HB0073 Detail]
Download: Illinois-2023-HB0073-Introduced.html
Bill Title: Amends the Consumer Legal Funding Act. Provides that the provisions of the Act do not apply to consumer legal funding if (i) the amount of funding is greater than $500,000 and (ii) the consumer does not use or intend to use any of the proceeds for personal, family, or household expenses. Makes other changes.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Engrossed) 2023-06-26 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [HB0073 Detail]
Download: Illinois-2023-HB0073-Introduced.html
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1 | AN ACT concerning business.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Fairness in Lending Act is amended | |||||||||||||||||||
5 | by changing Section 1 as follows:
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6 | (815 ILCS 120/1) (from Ch. 17, par. 851)
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7 | Sec. 1.
This Act shall be known and
and may be cited as the | |||||||||||||||||||
8 | "Illinois Fairness
in Lending Act". | |||||||||||||||||||
9 | (Source: P.A. 81-1391.)
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