Illinois General Assembly - Bill Status for HB4402

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Bill Status of HB4402 94th General Assembly

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Short Description: COLLATERAL RECOVERY ACT

House Sponsors
Rep. Frank J. Mautino

Last Action

Date	Chamber	Action
1/31/2006	House	Tabled By Sponsor Rep. Frank J. Mautino

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Collateral Recovery Act. Provides for the licensure of repossession agencies, the certification of recovery managers, and the registration of repossession agency employees. Establishes the Illinois Repossession and Recovery Board. Grants rulemaking authority to the Department of Financial and Professional Regulation. Sets forth provisions concerning qualifications, application, examination, assignment, insurance requirements, and administrative proceedings. Prohibits recovery work on a contingency basis.

Actions

Date	Chamber	Action
1/5/2006	House	Filed with the Clerk by Rep. Frank J. Mautino
1/10/2006	House	First Reading
1/10/2006	House	Referred to Rules Committee
1/18/2006	House	Assigned to Financial Institutions Committee
1/26/2006	House	Motion Filed Rep. Frank J. Mautino; Table House Bill 4402 Pursuant to Rule 60(b)
1/31/2006	House	Motion Prevailed
1/31/2006	House	Tabled By Sponsor Rep. Frank J. Mautino

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