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<xml>
<title>Illinois General Assembly - Bill Status for HB 5070   </title>
<shortdesc>FIN REG-DEBT MGMT SERVICE DEF</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Maria Antonia Berrios-Joseph M. Lyons-Monique D. Davis-Thomas Holbrook</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Antonio Munoz-Iris Y. Martinez)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/10/2004</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 93-0903</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 665/2</reference><aliasreference>from Ch. 17, par. 5302</aliasreference><SynopsisText>     Amends the Debt Management Services Act. In language defining "debt management service" as the planning and management of the financial affairs of a debtor for a fee and the receiving of money from the debtor for the purpose of distributing it to the debtor's creditors in payment or partial payment of the debtor's obligations or soliciting financial contributions from creditors, adds language providing that the distribution may be made directly or indirectly. Effective immediately.</SynopsisText><synopsistitle>Fiscal Note (Department of Financial Institutions)</synopsistitle>
<SynopsisText>House Bill 5070 has no fiscal impact to the State of Illinois.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2004</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Maria Antonia Berrios</action>
<statusdate>2/5/2004</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/5/2004</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/18/2004</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>2/20/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Joseph M. Lyons</action>
<statusdate>3/2/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Monique D. Davis</action>
<statusdate>3/3/2004</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Financial Institutions Committee;  016-000-000</action>
<statusdate>3/3/2004</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/3/2004</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Thomas Holbrook</action>
<statusdate>3/18/2004</statusdate><chamber>House</chamber><action>Fiscal Note Filed</action>
<statusdate>3/25/2004</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/25/2004</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/30/2004</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 116-000-000</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading April 1, 2004</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Antonio Munoz</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>3/31/2004</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>4/21/2004</statusdate><chamber>Senate</chamber><action>Assigned to Financial Institutions</action>
<statusdate>4/29/2004</statusdate><chamber>Senate</chamber><action>Do Pass Financial Institutions;  007-000-000</action>
<statusdate>4/29/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading May 4, 2004</action>
<statusdate>5/11/2004</statusdate><chamber>Senate</chamber><action>Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>5/12/2004</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>5/12/2004</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading May 13, 2004</action>
<statusdate>5/13/2004</statusdate><chamber>Senate</chamber><action>Third Reading Deadline Extended - Rule 2-10, extended to January 11, 2005.</action>
<statusdate>5/17/2004</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>5/17/2004</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/15/2004</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>8/10/2004</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>8/10/2004</statusdate><chamber>House</chamber><action>Effective Date August 10, 2004</action>
<statusdate>8/10/2004</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 93-0903</action>
</actions>
</xml>

