Illinois General Assembly - Bill Status for HB5031

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.

Actions

Date	Chamber	Action
2/7/2024	House	Filed with the Clerk by Rep. Curtis J. Tarver, II
2/8/2024	House	First Reading
2/8/2024	House	Referred to Rules Committee
2/28/2024	House	Assigned to Financial Institutions and Licensing Committee
3/5/2024	House	Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-004-000
3/6/2024	House	Placed on Calendar 2nd Reading - Short Debate
4/12/2024	House	Second Reading - Short Debate
4/12/2024	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/19/2024	House	Rule 19(a) / Re-referred to Rules Committee

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