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 Bill Status of SB1834  100th General Assembly


Short Description:  COLLATERAL RECOVERY-EXCEPTIONS

Senate Sponsors
Sen. John G. Mulroe

House Sponsors
(Rep. Elaine Nekritz )

Last Action
DateChamber Action
  8/11/2017SenatePublic Act . . . . . . . . . 100-0102

Statutes Amended In Order of Appearance
225 ILCS 422/1


Synopsis As Introduced
Amends the Collateral Recovery Act. Makes a technical change in a Section concerning the short title.

Senate Committee Amendment No. 1
Deletes reference to:
225 ILCS 422/1
Adds reference to:
225 ILCS 422/30

Replaces everything after the enacting clause. Amends the Collateral Recovery Act. Provides that the Act does not apply to a vehicle auctioneer licensed under the Illinois Vehicle Code or an employee of such a vehicle auctioneer involved in the selling of a vehicle that was repossessed under the Act unless the vehicle auctioneer or employee of a vehicle auctioneer involved in the selling of the vehicle directly performs repossessions covered by the Act. Provides that the Act does not apply to a forwarding person or entity that, acting on behalf of a creditor or lender having a security agreement, does not directly perform repossessions covered by the Act, but instead forwards the actual repossession assignment to a licensed repossession agency under the Act.

Actions 
DateChamber Action
  2/9/2017SenateFiled with Secretary by Sen. John G. Mulroe
  2/9/2017SenateFirst Reading
  2/9/2017SenateReferred to Assignments
  2/28/2017SenateAssigned to Insurance
  3/2/2017SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
  3/2/2017SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/7/2017SenateSenate Committee Amendment No. 1 Assignments Refers to Insurance
  3/8/2017SenateSenate Committee Amendment No. 1 Adopted
  3/9/2017SenateDo Pass as Amended Insurance; 011-000-000
  3/9/2017SenatePlaced on Calendar Order of 2nd Reading March 14, 2017
  4/6/2017SenateSecond Reading
  4/6/2017SenatePlaced on Calendar Order of 3rd Reading April 25, 2017
  4/27/2017SenateThird Reading - Passed; 053-000-000
  4/28/2017HouseArrived in House
  5/3/2017HouseChief House Sponsor Rep. Elaine Nekritz
  5/3/2017HouseFirst Reading
  5/3/2017HouseReferred to Rules Committee
  5/9/2017HouseAssigned to Judiciary - Civil Committee
  5/10/2017HouseTo Commercial Law Subcommittee
  5/17/2017HouseRecommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-001-000
  5/17/2017HouseReported Back To Judiciary - Civil Committee;
  5/17/2017HouseDo Pass / Short Debate Judiciary - Civil Committee; 008-000-000
  5/17/2017HousePlaced on Calendar 2nd Reading - Short Debate
  5/18/2017HouseSecond Reading - Short Debate
  5/18/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/19/2017HouseThird Reading - Short Debate - Passed 099-000-000
  5/19/2017SenatePassed Both Houses
  6/16/2017SenateSent to the Governor
  8/11/2017SenateGovernor Approved
  8/11/2017SenateEffective Date January 1, 2018
  8/11/2017SenatePublic Act . . . . . . . . . 100-0102

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