Illinois General Assembly - Bill Status for HB4201
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 Bill Status of HB4201  98th General Assembly

Short Description:  BURIAL,CEMETERY-PRE-NEED SALES

House Sponsors
Rep. Dan Brady

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 45/1from Ch. 111 1/2, par. 73.101
225 ILCS 45/1afrom Ch. 111 1/2, par. 73.101a
225 ILCS 45/1c new
815 ILCS 390/4from Ch. 21, par. 204
815 ILCS 390/15from Ch. 21, par. 215
815 ILCS 390/15.5 new
815 ILCS 390/17from Ch. 21, par. 217


Synopsis As Introduced
Amends the Illinois Funeral or Burial Funds Act and the Illinois Pre-Need Cemetery Sales Act. Provides that, before a seller and purchaser enter into a pre-need contract or pre-need sales contract, the seller must disclose and fully explain that the purchaser may fund the contract by choosing one of the following options: depositing the funds into a local banking institution; depositing the funds into a trust program; or other means offered by the seller. Provides that the purchaser shall then choose one of those options. Provides that sellers of pre-need sales contracts must be licensed by the Department of Financial and Professional Regulation. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  1/13/2014HouseFiled with the Clerk by Rep. Dan Brady
  1/13/2014HouseFirst Reading
  1/13/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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