Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

205 ILCS 670/21

from Ch. 17, par. 5427

Synopsis As Introduced
Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding must meet specified criteria. Provides that the contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt of funds, without penalty or further obligation. Specifies the notice requirements for contracts. Contains provisions concerning the dispute of contracts. Provides that each non-recourse civil litigation funding company shall adhere to specified best practices. Contains provisions concerning (1) the sale and assignment of proceeds of legal claims and (2) the requirements for non-recourse civil litigation funding companies by the Department of Financial and Professional Regulation. Provides that the Department shall maintain a list of all non-recourse civil litigation funding companies. Contains provisions concerning the power of the Department to issue cease and desist orders. Specifies penalties for violation of the Act. Contains provisions concerning judicial review and application of the Act. Amends the Consumer Installment Loan Act to exclude non-recourse civil litigation funding. Contains a severability clause. Effective immediately.

Senate Floor Amendment No. 1
Provides that a contract for non-recourse civil litigation funding shall contain the following statement located above the signature line: "The consumer understands and agrees that the funds received from this Non-Recourse Civil Litigation Funding shall not be used to pay for litigation costs related to the underlying Legal claim." Provides that the contract shall contain a written acknowledgement by the consumer that he or she shall notify his or her current attorney and any successor attorneys representing him or her in the legal claim of the existence of the transaction and shall instruct the nonrecourse civil litigation funding company to provide the attorney with a copy of the contract. Provides that before obtaining any additional or subsequent nonrecourse civil litigation funding, the consumer will notify his or her attorney and receive prior written permission. Deletes language that provides that the contract shall contain a written acknowledgment by the attorney representing the consumer in the legal claim that certain provisions are applicable. Deletes the provision concerning disputes. Provides that any attorney's lien, Medicare lien, Medicaid lien, or health care provider lien against the consumer's legal claim shall take priority over any lien of the civil litigation funding company. Makes changes to the provision concerning practices.

House Committee Amendment No. 1

	Deletes reference to:
	205 ILCS 670/21

Replaces everything after the enacting clause. Creates the Non-Recourse Civil Litigation Funding Act. Contains only a short title provision.

Actions 

Date	Chamber	Action
2/10/2010	Senate	Filed with Secretary by Sen. Don Harmon
2/10/2010	Senate	First Reading
2/10/2010	Senate	Referred to Assignments
2/24/2010	Senate	Assigned to Judiciary
3/3/2010	Senate	Do Pass Judiciary; 008-000-000
3/3/2010	Senate	Placed on Calendar Order of 2nd Reading March 4, 2010
3/11/2010	Senate	Second Reading
3/11/2010	Senate	Placed on Calendar Order of 3rd Reading March 12, 2010
3/15/2010	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
3/15/2010	Senate	Senate Floor Amendment No. 1 Referred to Assignments
3/16/2010	Senate	Senate Floor Amendment No. 1 Assignments Refers to Judiciary
3/16/2010	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 010-000-000
3/18/2010	Senate	Recalled to Second Reading
3/18/2010	Senate	Senate Floor Amendment No. 1 Adopted; Harmon
3/18/2010	Senate	Placed on Calendar Order of 3rd Reading
3/18/2010	Senate	Third Reading - Passed; 057-000-000
3/18/2010	House	Arrived in House
3/18/2010	House	Chief House Sponsor Rep. Lou Lang
3/18/2010	House	Placed on Calendar Order of First Reading
3/18/2010	House	First Reading
3/18/2010	House	Referred to Rules Committee
3/25/2010	House	Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
4/22/2010	House	Added Alternate Co-Sponsor Rep. Linda Chapa LaVia
11/10/2010	House	Final Action Deadline Extended-9(b) January 11, 2011
11/10/2010	House	Assigned to Judiciary I - Civil Law Committee
11/16/2010	House	House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee
11/16/2010	House	House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote
11/16/2010	House	Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 010-007-000
11/16/2010	House	Placed on Calendar 2nd Reading - Short Debate
11/17/2010	House	Second Reading - Short Debate
11/17/2010	House	Held on Calendar Order of Second Reading - Short Debate
1/5/2011	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang
1/5/2011	House	House Floor Amendment No. 2 Referred to Rules Committee
1/5/2011	House	House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee
1/6/2011	House	House Floor Amendment No. 3 Filed with Clerk by Rep. Lou Lang
1/6/2011	House	House Floor Amendment No. 3 Referred to Rules Committee
1/6/2011	House	House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 011-005-000
1/6/2011	House	House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 005-000-000
1/6/2011	House	House Floor Amendment No. 4 Filed with Clerk by Rep. Lou Lang
1/6/2011	House	House Floor Amendment No. 4 Referred to Rules Committee
1/6/2011	House	House Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 005-000-000
1/6/2011	House	House Floor Amendment No. 2 Lost 028-087-001
1/6/2011	House	Held on Calendar Order of Second Reading - Short Debate
1/12/2011	Senate	Session Sine Die

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