SB 2991

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Consumer Legal-Refinancing

Abstract

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.

Bill Sponsors (1)

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Mar 15, 2024

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 06, 2024

Senate

Assigned to Judiciary

Jan 31, 2024

Senate

Filed with Secretary by Sen. Bill Cunningham

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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