Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

215 ILCS 5/2.5

Synopsis As Introduced
Creates the Guaranteed Asset Protection Waiver Act. Establishes standards to regulate persons offering guaranteed asset protection waivers. Provides for a period of time of at least 30 days from the effective date of the guaranteed asset protection waiver until the date the borrower may cancel the contract without penalty, fees, or costs to the borrower. Amends the Illinois Insurance Code to exempt guaranteed asset protection waivers from regulation as insurance.

House Floor Amendment No. 2
Specifies that debt cancellation or debt suspension contracts offered by bank holding companies, financial holding companies, banks, savings banks, credit unions, or trust companies authorized to do business under the laws of this State or of the United States are not subject to the provisions of the Guaranteed Asset Protection Waiver Act.

Actions 

Date	Chamber	Action
2/11/2016	House	Filed with the Clerk by Rep. Anthony DeLuca
2/11/2016	House	First Reading
2/11/2016	House	Referred to Rules Committee
3/23/2016	House	Assigned to Consumer Protection Committee
3/28/2016	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca
3/28/2016	House	House Committee Amendment No. 1 Referred to Rules Committee
4/4/2016	House	Do Pass / Short Debate Consumer Protection Committee; 016-000-000
4/4/2016	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
4/5/2016	House	Placed on Calendar 2nd Reading - Short Debate
4/13/2016	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Anthony DeLuca
4/13/2016	House	House Floor Amendment No. 2 Referred to Rules Committee
4/15/2016	House	House Floor Amendment No. 2 Rules Refers to Consumer Protection Committee
4/15/2016	House	Second Reading - Short Debate
4/15/2016	House	Held on Calendar Order of Second Reading - Short Debate
4/19/2016	House	House Floor Amendment No. 2 Recommends Be Adopted Consumer Protection Committee; 015-000-000
4/20/2016	House	House Floor Amendment No. 2 Adopted
4/20/2016	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/20/2016	House	Added Chief Co-Sponsor Rep. Ed Sullivan
4/20/2016	House	Added Chief Co-Sponsor Rep. Elizabeth Hernandez
4/20/2016	House	Added Chief Co-Sponsor Rep. Norine K. Hammond
4/20/2016	House	Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
4/21/2016	House	Third Reading - Short Debate - Passed 112-000-001
4/21/2016	Senate	Arrive in Senate
4/21/2016	Senate	Placed on Calendar Order of First Reading April 22, 2016
4/21/2016	Senate	Chief Senate Sponsor Sen. Michael E. Hastings
4/22/2016	Senate	First Reading
4/22/2016	Senate	Referred to Assignments
5/3/2016	Senate	Assigned to Financial Institutions
5/11/2016	Senate	Postponed - Financial Institutions
5/13/2016	Senate	Rule 2-10 Committee Deadline Established As May 27, 2016
5/27/2016	Senate	Rule 3-9(a) / Re-referred to Assignments
11/29/2016	Senate	Approved for Consideration Assignments
11/29/2016	Senate	Placed on Calendar Order of 2nd Reading November 29, 2016
11/29/2016	Senate	Alternate Chief Sponsor Changed to Sen. Don Harmon
11/29/2016	Senate	Second Reading
11/29/2016	Senate	Placed on Calendar Order of 3rd Reading November 30, 2016
11/29/2016	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As December 31, 2016
1/1/2017	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/9/2017	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As January 10, 2017
1/9/2017	Senate	Approved for Consideration Assignments
1/9/2017	Senate	Placed on Calendar Order of 3rd Reading January 10, 2017
1/9/2017	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
1/9/2017	Senate	Senate Floor Amendment No. 1 Referred to Assignments
1/9/2017	Senate	Senate Floor Amendment No. 1 Assignments Refers to State Government and Veterans Affairs
1/10/2017	Senate	Senate Floor Amendment No. 1 Postponed - State Government and Veterans Affairs
1/10/2017	House	Session Sine Die

Back To Top