Illinois General Assembly - Bill Status for HB4682
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 Bill Status of HB4682  96th General Assembly

Short Description:  DEBT RELIEF CONSUMER PRO ACT

House Sponsors
Rep. Karen A. Yarbrough, John A. Fritchey, Monique D. Davis and Joseph M. Lyons

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/6z-26
205 ILCS 665/Act title
205 ILCS 665/1from Ch. 17, par. 5301
205 ILCS 665/2from Ch. 17, par. 5302
205 ILCS 665/3from Ch. 17, par. 5303
205 ILCS 665/4from Ch. 17, par. 5304
205 ILCS 665/5from Ch. 17, par. 5305
205 ILCS 665/6from Ch. 17, par. 5306
205 ILCS 665/7from Ch. 17, par. 5307
205 ILCS 665/10from Ch. 17, par. 5310
205 ILCS 665/10.1 new
205 ILCS 665/10.2 new
205 ILCS 665/10.3 new
205 ILCS 665/10.4 new
205 ILCS 665/11from Ch. 17, par. 5311
205 ILCS 665/11.5
205 ILCS 665/12from Ch. 17, par. 5312
205 ILCS 665/12.1
205 ILCS 665/13from Ch. 17, par. 5313
205 ILCS 665/13.2 new
205 ILCS 665/13.3 new
205 ILCS 665/13.8 new
205 ILCS 665/14from Ch. 17, par. 5314
205 ILCS 665/15.1from Ch. 17, par. 5316
205 ILCS 665/15.3from Ch. 17, par. 5318
205 ILCS 665/16from Ch. 17, par. 5319
205 ILCS 665/17from Ch. 17, par. 5320
205 ILCS 665/20.5
205 ILCS 665/22from Ch. 17, par. 5325
215 ILCS 158/5
805 ILCS 105/103.05from Ch. 32, par. 103.05


Synopsis As Introduced
Amends the Debt Management Service Act and renames the Act to the Debt Relief and Consumer Protection Act, including all cross-references in various other Acts. Changes the requirements for a license to include someone who operates a debt relief service (instead of debt management service). Changes the requirements concerning the (1) application for, (2) qualification for, (3) examination of, (4) renewal of, (5) fees for, and (6) revocation or suspension of a license from the Department of Financial and Professional Regulation. Changes provisions concerning the display and location of a license. Adds provisions concerning a written debt relief agreement between a debtor and licensee. Adds (1) disclosure requirements, (2) required terms, (3) accounting, and (4) the debtor's right to cancel with respect to debt relief services. Changes provisions concerning prohibited actions by a licensee. Adds provisions concerning the advertisement and solicitation of debt relief services. Requires the Department to post an annual report concerning debt relief agencies. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  11/17/2009HouseFiled with the Clerk by Rep. Karen A. Yarbrough
  11/23/2009HouseAdded Co-Sponsor Rep. John A. Fritchey
  12/1/2009HouseAdded Co-Sponsor Rep. Monique D. Davis
  12/1/2009HouseAdded Co-Sponsor Rep. Joseph M. Lyons
  1/4/2010HouseFirst Reading
  1/4/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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