Illinois General Assembly - Bill Status for SB2991
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 Bill Status of SB2991  103rd General Assembly


Senate Sponsors
Sen. Bill Cunningham

Last Action
DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
815 ILCS 121/25
815 ILCS 121/30
815 ILCS 121/165

Synopsis As Introduced
Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after the effective date of the amendatory Act. Authorizes the Department to adopt rules to permit the refinancing of consumer legal fundings. Makes conforming changes to contract disclosures.

DateChamber Action
  1/31/2024SenateFiled with Secretary by Sen. Bill Cunningham
  1/31/2024SenateFirst Reading
  1/31/2024SenateReferred to Assignments
  2/6/2024SenateAssigned to Judiciary
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

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