Illinois General Assembly - Bill Status for SB 1556

Amends the Illinois Vehicle Code. Adds to the definition of "junk vehicle" and "remittance agent". Provides that a certificate of title issued by the Secretary of State shall contain the names and fax numbers or electronic addresses of any lienholders (rather than only the names of the lienholders) and the certificate's expiration date. Provides that an expiration date of 2 calendar years after the end of term of the lien shall be included in each certificate of title issued to a lienholder who has a perfected security interest. Provides that if a recorded lienholder does not reaffirm a lien and does not respond to a request to verify a lien release letter within 7 calendar days of receipt, the Secretary shall process an application for corrected title for the owner of a motor vehicle. Provides that the Secretary may issue a certificate of title to an out-of-state resident if the out-of-state resident is a bona fide purchaser of a vehicle or a manufactured home from a dealer licensed in this State and the licensed dealer is no longer operating as a licensed dealer and does not properly transfer the title application to the bona fide purchaser prior to the licensed dealer's business closure. Adds to the special license plates a person may reclassify without a replacement plate fee beginning with the 2019 (rather than 2018) registration year. Provides that the bond amount required to be deposited with the Secretary for each applicant who intends to act as a remittance agent shall be $20,000 (rather than $10,000). Provides that an application for a new vehicle dealer's license or a used vehicle dealer's license shall contain a bond or certificate of deposit in the amount of $50,000 (rather than $20,000). Creates provisions concerning rental-purchase agreement vehicle programs. Effective January 1, 2018.

Removes a provision providing that if a recorded lienholder does not reaffirm a lien by applying for a corrected certificate before the title's expiration date, the owner of a vehicle may submit an application for a corrected certificate of title with the Secretary of State and the Secretary shall process the application if the recorded lienholder does not respond to a request to verify a lien release letter within 7 calendar days of receipt of the letter.

Date	Chamber	Action
8/25/2017	Senate	Public Act . . . . . . . . . 100-0450

Date	Chamber	Action
2/9/2017	Senate	Filed with Secretary by Sen. Bill Cunningham
2/9/2017	Senate	First Reading
2/9/2017	Senate	Referred to Assignments
2/22/2017	Senate	Assigned to Transportation
2/28/2017	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Bill Cunningham
2/28/2017	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/7/2017	Senate	Senate Committee Amendment No. 1 Assignments Refers to Transportation
3/8/2017	Senate	Postponed - Transportation
3/8/2017	Senate	Senate Committee Amendment No. 1 Postponed - Transportation
3/14/2017	Senate	Senate Committee Amendment No. 1 Adopted
3/15/2017	Senate	Do Pass as Amended Transportation; 011-000-000
3/15/2017	Senate	Placed on Calendar Order of 2nd Reading March 16, 2017
3/27/2017	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Bill Cunningham
3/27/2017	Senate	Senate Floor Amendment No. 2 Referred to Assignments
4/4/2017	Senate	Senate Floor Amendment No. 2 Assignments Refers to Transportation
4/6/2017	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Transportation; 015-000-000
4/6/2017	Senate	Second Reading
4/6/2017	Senate	Senate Floor Amendment No. 2 Adopted; Cunningham
4/6/2017	Senate	Placed on Calendar Order of 3rd Reading April 25, 2017
4/26/2017	Senate	Third Reading - Passed; 054-000-000
4/26/2017	House	Arrived in House
4/26/2017	House	Chief House Sponsor Rep. Marcus C. Evans, Jr.
4/26/2017	House	First Reading
4/26/2017	House	Referred to Rules Committee
5/3/2017	House	Assigned to Transportation: Vehicles & Safety Committee
5/8/2017	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Marcus C. Evans, Jr.
5/8/2017	House	House Committee Amendment No. 1 Referred to Rules Committee
5/9/2017	House	House Committee Amendment No. 1 Rules Refers to Transportation: Vehicles & Safety Committee
5/10/2017	House	House Committee Amendment No. 1 Adopted in Transportation: Vehicles & Safety Committee; by Voice Vote
5/10/2017	House	Do Pass as Amended / Short Debate Transportation: Vehicles & Safety Committee; 009-000-000
5/10/2017	House	Placed on Calendar 2nd Reading - Short Debate
5/16/2017	House	Second Reading - Short Debate
5/16/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/18/2017	House	Third Reading - Short Debate - Passed 108-000-000
5/19/2017	Senate	Secretary's Desk - Concurrence House Amendment(s) 1
5/19/2017	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2017
5/22/2017	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Bill Cunningham
5/22/2017	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Assignments
5/22/2017	Senate	House Committee Amendment No. 1 Motion to Concur Assignments Referred to Transportation
5/24/2017	Senate	House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Transportation; 016-000-000
5/31/2017	Senate	House Committee Amendment No. 1 Senate Concurs 056-000-000
5/31/2017	Senate	Senate Concurs
5/31/2017	Senate	Passed Both Houses
6/29/2017	Senate	Sent to the Governor
8/25/2017	Senate	Governor Approved
8/25/2017	Senate	Effective Date January 1, 2018
8/25/2017	Senate	Public Act . . . . . . . . . 100-0450

	Adds reference to:
	625 ILCS 5/5-107	from Ch. 95 1/2, par. 5-107