DEBT MANAGEMENT LICENSE & FEES House SponsorsRep. Daniel Didech-Justin Cochran-Jawaharial Williams 3/25/2026HousePlaced on Calendar 2nd Reading - Short Debate 205 ILCS 665/4from Ch. 17, par. 5304205 ILCS 665/12from Ch. 17, par. 5312 Amends the Debt Management Service Act. Provides that every applicant for a license to engage in the debt management service business in the State shall submit to the Secretary, at the time of the application for a license, a bond to be approved by the Secretary in which the applicant shall be the obligor, in the sum of $50,000 (rather than $25,000) or the specified amount. In provisions concerning fees or penalties that may be charged by a debt management service provider, permits the charging of additional fees at the completion of the initial counseling services, which shall not exceed: (A) 15% of the amount disbursed monthly to creditors or $75, whichever is less, if there are fewer than 6 creditors enrolled in the debt management plan; or (B) 15% of the amount disbursed monthly to creditors or $100, whichever is less, if there are 6 or more creditors enrolled in the debt management plan. 2/3/2026HouseFiled with the Clerk by Rep. Daniel Didech 2/6/2026HouseFirst Reading 2/6/2026HouseReferred to Rules Committee 3/4/2026HouseAssigned to Financial Institutions and Licensing Committee 3/24/2026HouseDo Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 3/25/2026HousePlaced on Calendar 2nd Reading - Short Debate 3/25/2026HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Daniel Didech 3/25/2026HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/26/2026HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee 4/6/2026HouseAdded Chief Co-Sponsor Rep. Justin Cochran 4/7/2026HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 010-000-000 4/8/2026HouseAdded Chief Co-Sponsor Rep. Jawaharial Williams