Illinois General Assembly - Bill Status for SB2496
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 Bill Status of SB2496  102nd General Assembly


Short Description:  COLLATERAL RECOVERY-VARIOUS

Senate Sponsors
Sen. Ram Villivalam

House Sponsors
(Rep. Margaret Croke)

Hearings
Transportation: Vehicles & Safety Committee Hearing May 12 2021 3:30PM www.ilga.gov Virtual Room 1 Springfield, IL


Last Action
DateChamber Action
  5/4/2021HouseAssigned to Transportation: Vehicles & Safety Committee

Statutes Amended In Order of Appearance
5 ILCS 80/4.32
5 ILCS 80/4.41 new
225 ILCS 422/35
225 ILCS 422/45
225 ILCS 422/50
225 ILCS 422/75
225 ILCS 422/85


Synopsis As Introduced
Amends the Collateral Recovery Act. Provides that each individual, partner of a partnership, officer of a corporation, or member of a limited liability company shall submit with the application for licensure as a repossession agency a copy of one form of personal identification upon which must appear a recent photograph (rather than a photograph taken within one year immediately preceding the date of the filing of the application). Requires the Illinois Commerce Commission to notify the submitting person within a reasonable time period (rather than 10 days) after receipt of the application of its intent to issue or deny a recovery permit. Provides that a recovery employee may work under a recovery permit for multiple licensed repossession agencies. Provides that applications for renewal of a license or permit shall be filed with the Commission no earlier than 90 days and not later than 45 days prior to the expiration of a license or permit. Provides that when a license holder or permit holder has made a timely and sufficient application for the renewal of a license or recovery permit, the existing license or recovery permit shall continue in full force and effect until the final agency decision on the application has been made, unless a later date is fixed by order of a reviewing court. Provides that the Commission shall not require the license or permit holder or applicant to report and shall not consider law enforcement records, court records, and conviction records of an individual who was 17 years old (rather than 18 years old) or younger at the time of the conviction. Makes other changes. Amends the Regulatory Sunset Act. Extends the repeal date of the Collateral Recovery Act to January 1, 2032. Effective January 1, 2022, except provisions amending the Regulatory Sunset Act take effect immediately.

Senate Committee Amendment No. 1
Deletes reference to:
225 ILCS 422/35
225 ILCS 422/45
225 ILCS 422/50
225 ILCS 422/75
225 ILCS 422/85

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following change. Removes the changes made to the Collateral Recovery Act. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Ram Villivalam
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/23/2021SenateAssigned to Judiciary
  3/26/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
  3/26/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/7/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  4/13/2021SenateSenate Committee Amendment No. 1 Adopted
  4/14/2021SenateDo Pass as Amended Judiciary; 009-000-000
  4/14/2021SenatePlaced on Calendar Order of 2nd Reading April 15, 2021
  4/20/2021SenateSecond Reading
  4/20/2021SenatePlaced on Calendar Order of 3rd Reading ** April 21, 2021
  4/23/2021SenateThird Reading - Passed; 058-000-000
  4/26/2021HouseArrived in House
  4/26/2021HouseChief House Sponsor Rep. Bob Morgan
  4/27/2021HouseFirst Reading
  4/27/2021HouseReferred to Rules Committee
  4/28/2021HouseAlternate Chief Sponsor Changed to Rep. Margaret Croke
  5/4/2021HouseAssigned to Transportation: Vehicles & Safety Committee

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