SB 3322

  • Illinois Senate Bill
  • 96th Regular Session
  • Introduced in Senate Mar 18, 2010
  • Passed Senate Mar 18, 2010
  • House
  • Governor

Non-Recourse Civ Lit Fund Act

Abstract

Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding must meet specified criteria. Provides that the contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt of funds, without penalty or further obligation. Specifies the notice requirements for contracts. Contains provisions concerning the dispute of contracts. Provides that each non-recourse civil litigation funding company shall adhere to specified best practices. Contains provisions concerning (1) the sale and assignment of proceeds of legal claims and (2) the requirements for non-recourse civil litigation funding companies by the Department of Financial and Professional Regulation. Provides that the Department shall maintain a list of all non-recourse civil litigation funding companies. Contains provisions concerning the power of the Department to issue cease and desist orders. Specifies penalties for violation of the Act. Contains provisions concerning judicial review and application of the Act. Amends the Consumer Installment Loan Act to exclude non-recourse civil litigation funding. Contains a severability clause. Effective immediately.

Bill Sponsors (2)

Votes


Actions


Jan 12, 2011

Senate

Session Sine Die

Jan 06, 2011

House

Held on Calendar Order of Second Reading - Short Debate

House

House Floor Amendment No. 2 Lost 028-087-001

House

House Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 005-000-000

House

House Floor Amendment No. 4 Referred to Rules Committee

House

House Floor Amendment No. 4 Filed with Clerk by Rep. Lou Lang

House

House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 005-000-000

House

House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 011-005-000

House

House Floor Amendment No. 3 Filed with Clerk by Rep. Lou Lang

House

House Floor Amendment No. 3 Referred to Rules Committee

Jan 05, 2011

House

House Floor Amendment No. 2 Referred to Rules Committee

House

House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang

Nov 17, 2010

House

Held on Calendar Order of Second Reading - Short Debate

House

Second Reading - Short Debate

Nov 16, 2010

House

House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 010-007-000

House

House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee

Nov 10, 2010

House

Assigned to Judiciary I - Civil Law Committee

House

Final Action Deadline Extended-9(b) January 11, 2011

Apr 22, 2010

House

Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

Mar 25, 2010

House

Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman

Mar 18, 2010

House

Referred to Rules Committee

House

First Reading

House

Placed on Calendar Order of First Reading

House

Chief House Sponsor Rep. Lou Lang

House

Arrived in House

Senate

Third Reading - Passed; 057-000-000

Senate

Placed on Calendar Order of 3rd Reading

Senate

Recalled to Second Reading

Senate

Senate Floor Amendment No. 1 Adopted; Harmon

Mar 16, 2010

Senate

Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 010-000-000

Senate

Senate Floor Amendment No. 1 Assignments Refers to Judiciary

Mar 15, 2010

Senate

Senate Floor Amendment No. 1 Referred to Assignments

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon

Mar 11, 2010

Senate

Placed on Calendar Order of 3rd Reading March 12, 2010

Senate

Second Reading

Mar 03, 2010

Senate

Do Pass Judiciary; 008-000-000

Senate

Placed on Calendar Order of 2nd Reading March 4, 2010

Feb 24, 2010

Senate

Assigned to Judiciary

Feb 10, 2010

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Don Harmon

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
House Amendment 004
House Amendment 003
House Amendment 002
House Amendment 001
Senate Amendment 001

Sources

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