Bill Status of SB 3006   102nd General Assembly

Short Description:  COLLATERAL RECOVERY ACT

Senate Sponsors
Sen. Ram Villivalam

House Sponsors
(Rep. Margaret Croke)


Last Action  View All Actions

DateChamber Action
  5/6/2022SenatePublic Act . . . . . . . . . 102-0748

Statutes Amended In Order of Appearance
225 ILCS 422/35
225 ILCS 422/45
225 ILCS 422/50
225 ILCS 422/75

Synopsis As Introduced
Amends the Collateral Recovery Act. Provides that each individual, partner of a partnership, officer of a corporation, or member of a limited liability company shall submit with an application for licensure as a repossession agency a valid State or U.S. government-issued photo identification card (rather than one form of personal identification upon which must appear a photograph taken within one year immediately preceding the date of the filing of the application). Requires the Illinois Commerce Commission to notify the submitting person within 14 days (rather than 10 days) after receipt of a criminal history records check (rather than after receipt of the application) of its intent to issue (rather than issue or deny) the recovery permit or set the matter for an administrative hearing before an administrative law judge. Provides that a recovery employee may work under a recovery permit for multiple licensed repossession agencies. Permits the Commission to allow electronic payments for license and permit fees. Provides that certain fees must be paid at the time of filing and are nonrefundable. Provides that at least 90 days prior to the expiration of a license or recovery permit, the Commission shall send to the license or permit holder a renewal notice (rather than mail to the license or permit holder a renewal form in the form and manner prescribed by the Commission). Provides that applications for renewal of a license or permit shall be filed with the Commission no earlier than 90 days, and not later than 45 days, prior to the expiration of a license or permit. Provides that when a license holder or permit holder has made such timely and sufficient application for the renewal of a license or recovery permit, the existing license or recovery permit shall continue in full force and effect until the final agency decision on the application has been made, unless a later date is fixed by order of a reviewing court.

Actions 
DateChamber Action
  1/5/2022SenateFiled with Secretary by Sen. Ram Villivalam
  1/5/2022SenateFirst Reading
  1/5/2022SenateReferred to Assignments
  1/26/2022SenateAssigned to Transportation
  2/9/2022SenateDo Pass Transportation; 019-000-000
  2/9/2022SenatePlaced on Calendar Order of 2nd Reading February 10, 2022
  2/16/2022SenateSecond Reading
  2/16/2022SenatePlaced on Calendar Order of 3rd Reading February 17, 2022
  2/23/2022SenateThird Reading - Passed; 053-000-000
  2/23/2022HouseArrived in House
  2/23/2022HouseChief House Sponsor Rep. Margaret Croke
  2/23/2022HouseFirst Reading
  2/23/2022HouseReferred to Rules Committee
  3/7/2022HouseAssigned to Transportation: Regulation, Roads & Bridges Committee
  3/15/2022HouseDo Pass / Short Debate Transportation: Regulation, Roads & Bridges Committee; 010-000-000
  3/16/2022HousePlaced on Calendar 2nd Reading - Short Debate
  3/23/2022HouseSecond Reading - Short Debate
  3/23/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/28/2022HouseThird Reading - Short Debate - Passed 103-000-000
  3/28/2022SenatePassed Both Houses
  4/26/2022SenateSent to the Governor
  5/6/2022SenateGovernor Approved
  5/6/2022SenateEffective Date January 1, 2023
  5/6/2022SenatePublic Act . . . . . . . . . 102-0748

Back To Top