Illinois General Assembly - Bill Status for HB3554

Synopsis As Introduced
Amends the Regulatory Sunset Act. Removes the Collection Agency Act from the list of Acts being repealed under the Act. Amends the Collection Agency Act. Makes changes concerning defined terms; exempt persons and entities under the Act; unlicensed practice; disciplinary actions; communication; informal conferences; penalties; investigations; the record of hearing; oaths; findings and recommendations; hearings; orders; and returned payments. Provides that the fee rate a collection agency can charge may be modified by rule to not less than 25% of the amount of child support actually collected by the collection agency but not greater than 35%. Repeals provisions concerning the Collection Agency Licensing and Disciplinary Board and provisions concerning when a person acts as a collection agency. Makes other changes.

House Committee Amendment No. 1

	Adds reference to:
	205 ILCS 740/11	was 225 ILCS 425/11

Further amends the Collection Agency Act. Removes a provision concerning informal conferences and makes a conforming change. Makes other changes.

Actions

Date	Chamber	Action
2/7/2025	House	Filed with the Clerk by Rep. Margaret Croke
2/18/2025	House	First Reading
2/18/2025	House	Referred to Rules Committee
3/11/2025	House	Assigned to Financial Institutions and Licensing Committee
3/11/2025	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
3/11/2025	House	House Committee Amendment No. 1 Referred to Rules Committee
3/12/2025	House	House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
3/18/2025	House	House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
3/18/2025	House	Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000
3/19/2025	House	Placed on Calendar 2nd Reading - Short Debate

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