Illinois General Assembly - Bill Status for HB5263
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB5263  102nd General Assembly


Short Description:  COLLATERAL RECOVERY ACT

House Sponsors
Rep. Margaret Croke and Mark L. Walker

Senate Sponsors
(Sen. Ram Villivalam)

Last Action
DateChamber Action
  3/4/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
225 ILCS 422/35
225 ILCS 422/45
225 ILCS 422/50
225 ILCS 422/75


Synopsis As Introduced
Amends the Collateral Recovery Act. Provides that each individual, partner of a partnership, officer of a corporation, or member of a limited liability company shall submit with an application for licensure as a repossession agency a valid State or U.S. government-issued photo identification card (rather than one form of personal identification upon which must appear a photograph taken within one year immediately preceding the date of the filing of the application). Requires the Illinois Commerce Commission to notify the submitting person within 14 days (rather than 10 days) after receipt of a criminal history records check (rather than after receipt of the application) of its intent to issue (rather than issue or deny) the recovery permit or set the matter for an administrative hearing before an administrative law judge. Provides that a recovery employee may work under a recovery permit for multiple licensed repossession agencies. Permits the Commission to allow electronic payments for license and permit fees. Provides that certain fees must be paid at the time of filing and are nonrefundable. Provides that at least 90 days prior to the expiration of a license or recovery permit, the Commission shall send to the license or permit holder a renewal notice (rather than mail to the license or permit holder a renewal form in the form and manner prescribed by the Commission). Provides that applications for renewal of a license or permit shall be filed with the Commission no earlier than 90 days, and not later than 45 days, prior to the expiration of a license or permit. Provides that, when a license holder or permit holder has made such timely and sufficient application for the renewal of a license or recovery permit, the existing license or recovery permit shall continue in full force and effect until the final agency decision on the application has been made, unless a later date is fixed by order of a reviewing court.

Actions 
DateChamber Action
  1/27/2022HouseFiled with the Clerk by Rep. Margaret Croke
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Transportation: Regulation, Roads & Bridges Committee
  2/15/2022HouseDo Pass / Consent Calendar Transportation: Regulation, Roads & Bridges Committee; 013-000-000
  2/16/2022HousePlaced on Calendar 2nd Reading - Consent Calendar
  2/17/2022HouseSecond Reading - Consent Calendar
  2/17/2022HouseHeld on Calendar Order of Second Reading - Consent Calendar
  2/25/2022HouseAdded Co-Sponsor Rep. Mark L. Walker
  3/1/2022HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
  3/2/2022HouseThird Reading - Consent Calendar - First Day
  3/3/2022HouseThird Reading - Consent Calendar - Passed 104-000-000
  3/4/2022SenateArrive in Senate
  3/4/2022SenatePlaced on Calendar Order of First Reading
  3/4/2022SenateChief Senate Sponsor Sen. Ram Villivalam
  3/4/2022SenateFirst Reading
  3/4/2022SenateReferred to Assignments

Back To Top