HB 5907

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House Apr 21, 2016
  • Passed House Apr 21, 2016
  • Senate
  • Governor

Asset Protection Waivers

Abstract

Creates the Guaranteed Asset Protection Waiver Act. Establishes standards to regulate persons offering guaranteed asset protection waivers. Provides for a period of time of at least 30 days from the effective date of the guaranteed asset protection waiver until the date the borrower may cancel the contract without penalty, fees, or costs to the borrower. Amends the Illinois Insurance Code to exempt guaranteed asset protection waivers from regulation as insurance.

Bill Sponsors (1)

Votes


Actions


Jan 10, 2017

House

Session Sine Die

Senate

Senate Floor Amendment No. 1 Postponed - State Government and Veterans Affairs

Jan 09, 2017

Senate

Senate Floor Amendment No. 1 Referred to Assignments

Senate

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

Senate

Placed on Calendar Order of 3rd Reading January 10, 2017

Senate

Approved for Consideration Assignments

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As January 10, 2017

Senate

Senate Floor Amendment No. 1 Assignments Refers to State Government and Veterans Affairs

Jan 01, 2017

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Nov 29, 2016

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As December 31, 2016

Senate

Placed on Calendar Order of 3rd Reading November 30, 2016

Senate

Second Reading

Senate

Alternate Chief Sponsor Changed to Sen. Don Harmon

Senate

Placed on Calendar Order of 2nd Reading November 29, 2016

Senate

Approved for Consideration Assignments

May 27, 2016

Senate

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

May 13, 2016

Senate

Rule 2-10 Committee Deadline Established As May 27, 2016

May 11, 2016

Senate

Postponed - Financial Institutions

May 03, 2016

Senate

Assigned to Financial Institutions

Apr 22, 2016

Senate

Referred to Assignments

Senate

First Reading

Apr 21, 2016

Senate

Placed on Calendar Order of First Reading April 22, 2016

House

Third Reading - Short Debate - Passed 112-000-001

Senate

Arrive in Senate

Senate

Chief Senate Sponsor Sen. Michael E. Hastings

Apr 20, 2016

House

Added Chief Co-Sponsor Rep. Elizabeth Hernandez

House

Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

House Floor Amendment No. 2 Adopted

House

Added Chief Co-Sponsor Rep. Ed Sullivan

House

Added Chief Co-Sponsor Rep. Norine K. Hammond

Apr 19, 2016

House

House Floor Amendment No. 2 Recommends Be Adopted Consumer Protection Committee; 015-000-000

Apr 15, 2016

House

House Floor Amendment No. 2 Rules Refers to Consumer Protection Committee

House

Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

Apr 13, 2016

House

House Floor Amendment No. 2 Referred to Rules Committee

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Anthony DeLuca

Apr 05, 2016

House

Placed on Calendar 2nd Reading - Short Debate

Apr 04, 2016

House

House Committee Amendment No. 1 Tabled Pursuant to Rule 40

House

Do Pass / Short Debate Consumer Protection Committee; 016-000-000

Mar 28, 2016

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca

Mar 23, 2016

House

Assigned to Consumer Protection Committee

Feb 11, 2016

House

First Reading

House

Filed with the Clerk by Rep. Anthony DeLuca

House

Referred to Rules Committee

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
Senate Amendment 001
House Amendment 002
House Amendment 001

Sources

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