Illinois General Assembly - Bill Status for SB3060
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 Bill Status of SB3060  98th General Assembly


Short Description:  FINANCIAL INSTITUTIONS-EMAIL

Senate Sponsors
Sen. William E. Brady

House Sponsors
(Rep. C.D. Davidsmeyer)

Last Action
DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 305/1.1from Ch. 17, par. 4402
205 ILCS 305/2from Ch. 17, par. 4403
205 ILCS 305/21from Ch. 17, par. 4422
205 ILCS 305/61from Ch. 17, par. 4462
205 ILCS 405/1from Ch. 17, par. 4802
205 ILCS 405/4from Ch. 17, par. 4808
205 ILCS 405/10from Ch. 17, par. 4817
205 ILCS 405/29.5
205 ILCS 657/5
205 ILCS 657/25
205 ILCS 657/40
205 ILCS 657/80
205 ILCS 657/90
205 ILCS 660/2from Ch. 17, par. 5202
205 ILCS 660/6from Ch. 17, par. 5206
205 ILCS 660/10from Ch. 17, par. 5223
205 ILCS 660/16.5
205 ILCS 665/2from Ch. 17, par. 5302
205 ILCS 665/4from Ch. 17, par. 5304
205 ILCS 665/6from Ch. 17, par. 5306
205 ILCS 665/10from Ch. 17, par. 5310
205 ILCS 665/20from Ch. 17, par. 5323
205 ILCS 670/0.5 new
205 ILCS 670/2from Ch. 17, par. 5402
205 ILCS 670/8from Ch. 17, par. 5408
205 ILCS 670/9from Ch. 17, par. 5409
205 ILCS 670/20.5
215 ILCS 155/3from Ch. 73, par. 1403
215 ILCS 155/21from Ch. 73, par. 1421
215 ILCS 155/21.1
215 ILCS 155/21.2
225 ILCS 429/10
225 ILCS 429/20
225 ILCS 429/30
225 ILCS 429/50
225 ILCS 429/95
815 ILCS 122/1-10
815 ILCS 122/3-5
815 ILCS 122/4-10


Synopsis As Introduced
Amends the Illinois Credit Union Act, the Currency Exchange Act, the Transmitters of Money Act, the Sales Finance Agency Act, the Debt Management Service Act, the Title Insurance Act, the Debt Settlement Consumer Protection Act, the Payday Loan Reform Act, and the Consumer Installment Loan Act. Defines "email address of record". Eliminates references to "certified mail". Provides that a chartered institution, licensee, or applicant shall provide the Department of Financial and Professional Regulation with an accurate and up-to-date email address. Permits the Department to send official notices to the chartered institution, licensee, or applicant's email address of record. Provides that service to the email address of record is completed when sent. Provides that service by mail is completed when the notice is deposited in the U.S. Mail. Makes other changes. Effective immediately.

Senate Committee Amendment No. 1
Removes language providing that service to the email address of record is complete when sent. Instead, provides that service by email is complete on the date of transmission to the email address of record. Provides that the Department of Financial and Professional Regulation shall adopt rules to specify the standards of confirming delivery of documents to the email address of record and to ensure the service to the email address of record or other means is accomplished. Provides that until such rules are adopted, the Department shall send a copy of the document via certified mail to the licensee's address of record.

Actions 
DateChamber Action
  2/15/2018SenateFiled with Secretary by Sen. Michael Connelly
  2/15/2018SenateFirst Reading
  2/15/2018SenateReferred to Assignments
  2/21/2018SenateAssigned to Financial Institutions
  4/6/2018SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Connelly
  4/6/2018SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/10/2018SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  4/11/2018SenateSenate Committee Amendment No. 1 Adopted
  4/11/2018SenateDo Pass as Amended Financial Institutions; 005-000-000
  4/11/2018SenatePlaced on Calendar Order of 2nd Reading April 12, 2018
  4/18/2018SenateSecond Reading
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018
  4/23/2018SenateThird Reading - Passed; 046-000-000
  4/24/2018HouseArrived in House
  4/24/2018HouseChief House Sponsor Rep. C.D. Davidsmeyer
  4/24/2018HouseFirst Reading
  4/24/2018HouseReferred to Rules Committee
  5/2/2018HouseAssigned to Executive Committee
  5/18/2018HouseRule 19(a) / Re-referred to Rules Committee
  12/21/2018SenateChief Sponsor Changed to Sen. William E. Brady
  1/9/2019SenateSession Sine Die

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