HB 2301

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • 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. Sets requirements for fee calculations. Prohibits unregistered companies from entering into a non-recourse civil litigation funding transaction with consumers. Provides requirements for the Department of Financial and Professional Regulation to consider while making decisions regarding registration. Authorizes the Department to make and enforce reasonable rules and regulations as may be necessary to carry out the provisions of the Act.

Bill Sponsors (1)

Votes


No votes to display

Actions


Dec 03, 2014

House

Session Sine Die

Mar 22, 2013

House

House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee

House

House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

House

Rule 19(a) / Re-referred to Rules Committee

Mar 20, 2013

House

House Committee Amendment No. 2 Rules Refers to Judiciary

Mar 19, 2013

House

House Committee Amendment No. 2 Filed with Clerk by Rep. André M. Thapedi

House

House Committee Amendment No. 2 Referred to Rules Committee

Mar 18, 2013

House

House Committee Amendment No. 1 Rules Refers to Judiciary

Mar 14, 2013

House

House Committee Amendment No. 1 Fiscal Note Filed as Amended

Mar 13, 2013

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. André M. Thapedi

Mar 07, 2013

House

Added Chief Co-Sponsor Rep. Emanuel Chris Welch

Mar 05, 2013

House

Added Chief Co-Sponsor Rep. Linda Chapa LaVia

House

Added Chief Co-Sponsor Rep. Lou Lang

Feb 25, 2013

House

Assigned to Judiciary

Feb 19, 2013

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. André M. Thapedi

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
House Amendment 002
House Amendment 001

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.