Frank J. Mautino
- Democratic
Primary
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.
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Tabled By Sponsor Rep. Frank J. Mautino
Motion Prevailed
Motion Filed Rep. Frank J. Mautino; Table House Bill 4402 Pursuant to Rule 60(b)
Assigned to Financial Institutions Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Frank J. Mautino
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