Illinois House Bill 2301 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding must meet specified criteria. Provides that the contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt of funds, without penalty or further obligation. Specifies the notice requirements for contracts. Sets requirements for fee calculations. Prohibits unregistered companies from entering into a non-recourse civil litigation funding transaction with consumers. Provides requirements for the Department of Financial and Professional Regulation to consider while making decisions regarding registration. Authorizes the Department to make and enforce reasonable rules and regulations as may be necessary to carry out the provisions of the Act.

NON-RECOURSE CIV LIT FUND ACT

Rep. Andre Thapedi [D]

Rep. Louis Lang [D]

Rep. Linda LaVia [D]

Rep. Emanuel Welch [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2013-03-22	House	House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee
2013-03-22	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2013-03-22	House	Rule 19(a) / Re-referred to Rules Committee
2013-03-20	House	House Committee Amendment No. 2 Rules Refers to Judiciary
2013-03-19	House	House Committee Amendment No. 2 Referred to Rules Committee
2013-03-19	House	House Committee Amendment No. 2 Filed with Clerk by Rep. André M. Thapedi
2013-03-18	House	House Committee Amendment No. 1 Rules Refers to Judiciary
2013-03-14	House	House Committee Amendment No. 1 Fiscal Note Filed as Amended
2013-03-13	House	House Committee Amendment No. 1 Referred to Rules Committee
2013-03-13	House	House Committee Amendment No. 1 Filed with Clerk by Rep. André M. Thapedi
2013-03-07	House	Added Chief Co-Sponsor Rep. Emanuel Chris Welch
2013-03-05	House	Added Chief Co-Sponsor Rep. Linda Chapa LaVia
2013-03-05	House	Added Chief Co-Sponsor Rep. Lou Lang
2013-02-25	House	Assigned to Judiciary
2013-02-19	House	Referred to Rules Committee
2013-02-19	House	First Reading
2013-02-19	House	Filed with the Clerk by Rep. André M. Thapedi

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2301&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB2301.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB2301ham001.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB2301ham002.htm