Illinois General Assembly - Bill Status for SB2135

Synopsis As Introduced
Amends the Credit Services Organizations Act. Changes the name of the Act to the Credit Repair Organizations Act. Provides that the Director of Financial and Professional Regulation shall oversee the activities of credit repair organizations and compliance with the Act. Provides that a credit repair organization shall submit a report every 6 months to the Director containing specified information. Provides that the Director may adopt rules necessary to administer the Act. Makes changes in provisions concerning contracts between a buyer and a credit repair organization; registration of credit repair organizations; violations of the Act; and remedies. Repeals provisions concerning surety bonds. Defines terms. Repeals provisions concerning surety bonds. Amends the Consumer Fraud and Deceptive Business Practices Act to make conforming changes. Effective January 1, 2024.

Actions

Date	Chamber	Action
2/10/2023	Senate	Filed with Secretary by Sen. Sara Feigenholtz
2/10/2023	Senate	First Reading
2/10/2023	Senate	Referred to Assignments
2/28/2023	Senate	Assigned to Financial Institutions
3/7/2023	Senate	Added as Chief Co-Sponsor Sen. Mike Porfirio
3/8/2023	Senate	Do Pass Financial Institutions; 006-002-000
3/8/2023	Senate	Placed on Calendar Order of 2nd Reading March 9, 2023
3/9/2023	Senate	Added as Co-Sponsor Sen. Mike Simmons
3/9/2023	Senate	Added as Co-Sponsor Sen. Meg Loughran Cappel
3/10/2023	Senate	Added as Co-Sponsor Sen. Paul Faraci
3/10/2023	Senate	Added as Co-Sponsor Sen. Laura M. Murphy
3/17/2023	Senate	Added as Co-Sponsor Sen. Elgie R. Sims, Jr.
3/20/2023	Senate	Added as Co-Sponsor Sen. Mary Edly-Allen
3/22/2023	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Sara Feigenholtz
3/22/2023	Senate	Senate Floor Amendment No. 1 Referred to Assignments
3/22/2023	Senate	Sponsor Removed Sen. Elgie R. Sims, Jr.
3/23/2023	Senate	Added as Co-Sponsor Sen. Karina Villa
3/28/2023	Senate	Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
3/29/2023	Senate	Second Reading
3/29/2023	Senate	Placed on Calendar Order of 3rd Reading March 30, 2023
3/31/2023	Senate	Rule 2-10(a) Third Reading Deadline Established As April 28, 2023
4/28/2023	Senate	Rule 2-10 Third Reading Deadline Established As May 11, 2023
5/11/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
6/26/2023	Senate	Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
12/19/2023	Senate	Sponsor Removed Sen. Meg Loughran Cappel

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