O'MALLEY. (SAVIANO-LANG) 815 ILCS 205/2 from Ch. 17, par. 6402 Amends the Interest Act. Provides that upon 30 days' written notice to the debtor, a collection agency may charge and collect interest on behalf of a creditor. SENATE AMENDMENT NO. 1. Provides that a collection agency may charge and collect interest upon 30 days written notice to the debtor in the absence of an agreement between the creditor and debtor governing interest charges. HOUSE AMENDMENT NO. 1. Provides that an assignee or agent of the creditor (rather than a collection agency) may collect interest on behalf of a creditor. 97-02-07 S FIRST READING 97-02-07 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE FIN INST 97-02-28 S POSTPONED 97-03-06 S AMENDMENT NO. 01-FINANC. INST. S 97-03-06 S ADOPTED 97-03-06 S DO PASS AS AMENDED 008-000-000 SFIC 97-03-06 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-11 97-03-11 S SECOND READING 97-03-11 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-12 97-03-13 S THIRD READING - PASSED 056-000-002 97-03-14 H ARRIVE IN HOUSE 97-03-14 H PLACED CALENDAR ORDER OF FIRST READING 97-03-21 H HOUSE SPONSOR SAVIANO 97-03-21 H ADDED AS A JOINT SPONSOR LANG 97-03-21 H FIRST READING 97-03-21 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-04-08 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW 97-04-24 H RE-ASSIGNED TO COMMITTEE REG & REG 97-05-08 H AMENDMENT NO. 01-REGIS REGULAT H 97-05-08 H ADOPTED 97-05-08 H DO PASS AMENDED/SHORT DEBATE 025-000-000 HREG 97-05-08 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-05-12 H SECOND READING-SHORT DEBATE 97-05-12 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-13 H THIRD READING/SHORT DEBATE/PASSED 091-025-000 97-05-14 S SECRETARYS DESK - CONCURRENCE 01 97-05-14 S FILED WITH SECRETARY 97-05-14 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/O'MALLEY 97-05-14 S MOTION REFERRED TO SRUL 97-05-14 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/O'MALLEY 97-05-14 S RULES REFERS TO SFIC 97-05-16 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/O'MALLEY 97-05-16 S BE APPROVED FOR CONSIDERATION SFIC/009-000-000 97-05-20 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/O'MALLEY 97-05-20 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/057-000-001 97-05-20 S PASSED BOTH HOUSES 97-06-18 S SENT TO THE GOVERNOR 97-08-15 S GOVERNOR APPROVED 97-08-15 S EFFECTIVE DATE 98-01-01 97-08-15 S PUBLIC ACT.............................. 90-0417 END OF INQUIRY Full Text Bill Summary