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SB2457 - 104th General Assembly
COLLECTION AGENCY ACT
Last Action
Senate Sponsors
Sen. Mark L. Walker - Graciela Guzmán, Karina Villa and Mary Edly-AllenHouse Sponsors
(Rep. Margaret Croke)Statutes Amended In Order of Appearance
205 ILCS 740/2was 225 ILCS 425/2
205 ILCS 740/2.03was 225 ILCS 425/2.03
205 ILCS 740/2.04was 225 ILCS 425/2.04
205 ILCS 740/4was 225 ILCS 425/4
205 ILCS 740/4.5was 225 ILCS 425/4.5
205 ILCS 740/9was 225 ILCS 425/9
205 ILCS 740/9.1was 225 ILCS 425/9.1
205 ILCS 740/13.2was 225 ILCS 425/13.2
205 ILCS 740/14bwas 225 ILCS 425/14b
205 ILCS 740/16was 225 ILCS 425/16
205 ILCS 740/17was 225 ILCS 425/17
205 ILCS 740/18was 225 ILCS 425/18
205 ILCS 740/19was 225 ILCS 425/19
205 ILCS 740/20was 225 ILCS 425/20
205 ILCS 740/22was 225 ILCS 425/22
205 ILCS 740/23was 225 ILCS 425/23
205 ILCS 740/35was 225 ILCS 425/35
Synopsis As Introduced
Amends the Regulatory Sunset Act. Removes the Collection Agency Act from the list of Acts being repealed under the Act. Amends the Collection Agency Act. Makes changes concerning defined terms; exempt persons and entities under the Act; unlicensed practice; disciplinary actions; communication; informal conferences; penalties; investigations; the record of hearing; oaths; findings and recommendations; hearings; orders; and returned payments. Provides that the fee rate a collection agency can charge may be modified by rule to not less than 25% of the amount of child support actually collected by the collection agency but not greater than 35%. Repeals provisions concerning the Collection Agency Licensing and Disciplinary Board and provisions concerning when a person acts as a collection agency. Makes other changes.
Senate Committee Amendment No. 1
Adds reference to:
205 ILCS 740/11was 225 ILCS 425/11
Makes changes concerning certain exemptions from the Collection Agency Act. Further amends the Collection Agency Act. Removes a provision concerning informal conferences, and makes a conforming change.
Senate Floor Amendment No. 2
Deletes reference to:
Adds reference to:
205 ILCS 740/13.1was 225 ILCS 425/13.1
205 ILCS 740/24was 225 ILCS 425/24
Makes changes to defined terms. In provisions concerning a civil penalty imposed by the Department of Financial and Professional Regulation for unlicensed practice under the Act, provides that the civil penalty shall be assessed by the Department after a hearing is held (rather than after an opportunity for a hearing) in accordance with the Act. Replaces provisions concerning the Collection Agency Licensing and Disciplinary Board. Provides that the Department shall, if requested to do so by at least 20 interested persons or an association representing at least 20 interested persons, meet at least once per calendar year with representatives of the debt collection industry to discuss developments in the lawful collection of debt and issues confronting the Department in its regulation and discipline of collection agencies. Further amends the Collection Agency Act to remove references to the Board in provisions concerning the appointment of a hearing officer and license restoration.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/07/2025 | Senate | Filed with Secretary by Sen. Mark L. Walker |
| 2/07/2025 | Senate | First Reading |
| 2/07/2025 | Senate | Referred to Assignments |
| 3/04/2025 | Senate | Assigned to Financial Institutions |
| 3/17/2025 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker |
| 3/17/2025 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 3/18/2025 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions |
| 3/18/2025 | Senate | Added as Co-Sponsor Sen. Karina Villa |
| 3/19/2025 | Senate | Senate Committee Amendment No. 1 Adopted |
| 3/19/2025 | Senate | Do Pass as Amended Financial Institutions; 008-000-000 |
| 3/19/2025 | Senate | Placed on Calendar Order of 2nd Reading March 20, 2025 |
| 4/01/2025 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Mark L. Walker |
| 4/01/2025 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 4/01/2025 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions |
| 4/03/2025 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000 |
| 4/03/2025 | Senate | Second Reading |
| 4/03/2025 | Senate | Senate Floor Amendment No. 2 Adopted; Walker |
| 4/03/2025 | Senate | Placed on Calendar Order of 3rd Reading April 4, 2025 |
| 4/04/2025 | Senate | Added as Chief Co-Sponsor Sen. Graciela Guzmán |
| 4/04/2025 | Senate | Placed on Calendar Order of 3rd Reading ** |
| 4/09/2025 | Senate | Placed on Calendar Order of 3rd Reading |
| 4/09/2025 | Senate | Third Reading - Passed; 056-000-000 |
| 4/09/2025 | House | Arrived in House |
| 4/09/2025 | House | Chief House Sponsor Rep. Margaret Croke |
| 4/09/2025 | House | First Reading |
| 4/09/2025 | House | Referred to Rules Committee |
| 4/17/2025 | House | Assigned to Financial Institutions and Licensing Committee |
| 4/29/2025 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 |
| 4/30/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 5/13/2025 | Senate | Added as Co-Sponsor Sen. Mary Edly-Allen |
| 5/14/2025 | House | Second Reading - Short Debate |
| 5/14/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/22/2025 | House | Third Reading - Short Debate - Passed 113-000-000 |
| 5/22/2025 | Senate | Passed Both Houses |
| 6/20/2025 | Senate | Sent to the Governor |
| 8/01/2025 | Senate | Governor Approved |
| 8/01/2025 | Senate | Effective Date January 1, 2026 |
| 8/01/2025 | Senate | Public Act . . . . . . . . . 104-0149 |