Bill Status of SB 3169   98th General Assembly

Short Description:  NON-RECOURSE CIVIL LITIGATION

Senate Sponsors
Sen. William R. Haine

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
5 ILCS 80/4.25
205 ILCS 670/21from Ch. 17, par. 5427
815 ILCS 505/2Zfrom Ch. 121 1/2, par. 262Z

Synopsis As Introduced
Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding shall be written, provide the total funding amount to the customer, itemize one-time fees, allow the customer to cancel the contract within 10 business days following receipt of the funding amount without penalty or further obligation, and meet other specified criteria. Provides that any attorney's fee, Medicare lien, Medicaid lien, or health care provider lien takes priority over any lien of the non-recourse civil litigation funding company. Contains a provision concerning standards and practices of non-recourse civil litigation companies. Provides criteria for non-recourse civil litigation funding companies to receive and retain licenses, the closing of its business or surrendering of the license, and prohibited acts. Contains provisions for enforcement and remedies, rulemaking, bonding, and judicial review. Amends the Regulatory Sunset Act to provide that the Non-Recourse Civil Litigation Funding Act expires on May 31, 2015. Amends the Consumer Installment Loan Act provision concerning the application of the Act to exclude non-recourse civil litigation funding if requested. Amends the Consumer Fraud and Deceptive Business Practices Act to provide that a person who knowingly violates the Non-Recourse Civil Litigation Funding Act commits an unlawful practice. Effective 180 days after becoming law.

Actions 
DateChamber Action
  2/11/2014SenateFiled with Secretary by Sen. William R. Haine
  2/11/2014SenateFirst Reading
  2/11/2014SenateReferred to Assignments
  2/19/2014SenateAssigned to Judiciary
  2/26/2014SenatePostponed - Judiciary
  3/20/2014SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
  3/20/2014SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/25/2014SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  3/28/2014SenateRule 2-10 Committee Deadline Established As April 11, 2014
  4/2/2014SenatePostponed - Judiciary
  4/2/2014SenateSenate Committee Amendment No. 1 Postponed - Judiciary
  4/11/2014SenateRule 2-10 Committee/3rd Reading Deadline Established As May 1, 2014
  5/1/2014SenateRule 3-9(a) / Re-referred to Assignments
  5/1/2014SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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