Date	Chamber	Action
7/20/2018	Senate	Public Act . . . . . . . . . 100-0626

Statutes Amended In Order of Appearance

765 ILCS 67/5

Synopsis As Introduced
Amends the Installment Sales Contract Act. Excludes from the scope of the term "installment sales contract" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately.

Senate Committee Amendment No. 1
Limits the exclusions added by the introduced bill to financing arrangements that are offered by a person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or the United States relating to banks, savings and loan associations, savings banks, or credit unions.

Actions 

Date	Chamber	Action
2/16/2018	Senate	Filed with Secretary by Sen. David Koehler
2/16/2018	Senate	First Reading
2/16/2018	Senate	Referred to Assignments
2/27/2018	Senate	Assigned to Financial Institutions
3/6/2018	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler
3/6/2018	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/13/2018	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
4/11/2018	Senate	Senate Committee Amendment No. 1 Adopted
4/11/2018	Senate	Do Pass as Amended Financial Institutions; 007-000-000
4/11/2018	Senate	Placed on Calendar Order of 2nd Reading April 12, 2018
4/19/2018	Senate	Second Reading
4/19/2018	Senate	Placed on Calendar Order of 3rd Reading April 23, 2018
4/24/2018	Senate	Third Reading - Passed; 053-000-000
4/24/2018	House	Arrived in House
4/24/2018	House	Chief House Sponsor Rep. Marcus C. Evans, Jr.
4/24/2018	House	First Reading
4/24/2018	House	Referred to Rules Committee
5/2/2018	House	Assigned to Judiciary - Civil Committee
5/9/2018	House	Added Alternate Co-Sponsor Rep. Peter Breen
5/9/2018	House	To Real & Personal Property Law Subcommittee
5/16/2018	House	Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
5/16/2018	House	Reported Back To Judiciary - Civil Committee;
5/16/2018	House	Do Pass / Short Debate Judiciary - Civil Committee; 010-000-000
5/17/2018	House	Placed on Calendar 2nd Reading - Short Debate
5/21/2018	House	Second Reading - Short Debate
5/21/2018	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/25/2018	House	Final Action Deadline Extended-9(b) May 31, 2018
5/29/2018	House	Third Reading - Short Debate - Passed 116-001-000
5/29/2018	Senate	Passed Both Houses
6/27/2018	Senate	Sent to the Governor
7/20/2018	Senate	Governor Approved
7/20/2018	Senate	Effective Date July 20, 2018
7/20/2018	Senate	Public Act . . . . . . . . . 100-0626

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