HB 5190

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House Mar 29, 2012
  • Passed House Mar 28, 2012
  • Passed Senate May 22, 2012
  • Became Law Jul 20, 2012

Ucc-Fraudulent Financing

Abstract

Amends the Secured Transactions Article of the Uniform Commercial Code. Provides that a person may not cause to be presented for filing a financing statement or amendment that the person knows or reasonably should know: is not related to a valid lien, a valid security agreement, or a judgment of a court of competent jurisdiction; is for an improper purpose or purposes, such as to harass, hinder, defraud, or otherwise interfere with any person; or contains materially false or misleading information. Imposes criminal penalties for violations and civil liability to injured persons. Requires the Secretary of State to make available a form affidavit to provide notice of a fraudulent financing statement or amendment. Contains provisions regarding: filing a fraudulent filing affidavit; additional documentation supporting a filing; review of documentation; termination of a financing statement or amendment; fees; notice; reinstatement; liability; effectiveness; and other matters. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Jul 20, 2012

House

Public Act . . . . . . . . . 97-0836

House

Effective Date July 20, 2012

House

Governor Approved

Jun 20, 2012

House

Sent to the Governor

May 22, 2012

House

Passed Both Houses

Senate

Third Reading - Passed; 056-000-000

May 02, 2012

Senate

Placed on Calendar Order of 3rd Reading May 3, 2012

Senate

Second Reading

Apr 18, 2012

Senate

Placed on Calendar Order of 2nd Reading April 19, 2012

Senate

Do Pass Judiciary; 008-000-000

Apr 11, 2012

Senate

Assigned to Judiciary

Mar 29, 2012

Senate

Referred to Assignments

Senate

Placed on Calendar Order of First Reading

Senate

Chief Senate Sponsor Sen. Don Harmon

Senate

First Reading

Senate

Arrive in Senate

Mar 28, 2012

House

House Floor Amendment No. 1 Adopted by Voice Vote

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Third Reading - Short Debate - Passed 114-000-000

Mar 27, 2012

House

Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

Mar 22, 2012

House

House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000

Mar 21, 2012

House

House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski

House

House Floor Amendment No. 1 Referred to Rules Committee

Mar 07, 2012

House

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

House

Placed on Calendar 2nd Reading - Short Debate

Feb 27, 2012

House

Assigned to Judiciary I - Civil Law Committee

Feb 08, 2012

House

Referred to Rules Committee

House

First Reading

House

Filed with the Clerk by Rep. Michael J. Zalewski

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 001

Sources

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