COLLATERAL RECOVERY ACT House SponsorsRep. Frank J. Mautino 1/31/2006HouseTabled By Sponsor Rep. Frank J. Mautino New Act Creates the Collateral Recovery Act. Provides for the licensure of repossession agencies, the certification of recovery managers, and the registration of repossession agency employees. Establishes the Illinois Repossession and Recovery Board. Grants rulemaking authority to the Department of Financial and Professional Regulation. Sets forth provisions concerning qualifications, application, examination, assignment, insurance requirements, and administrative proceedings. Prohibits recovery work on a contingency basis. 1/5/2006HouseFiled with the Clerk by Rep. Frank J. Mautino 1/10/2006HouseFirst Reading 1/10/2006HouseReferred to Rules Committee 1/18/2006HouseAssigned to Financial Institutions Committee 1/26/2006HouseMotion Filed Rep. Frank J. Mautino; Table House Bill 4402 Pursuant to Rule 60(b) 1/31/2006HouseMotion Prevailed 1/31/2006HouseTabled By Sponsor Rep. Frank J. Mautino