Illinois House Bill 4201 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Funeral or Burial Funds Act and the Illinois Pre-Need Cemetery Sales Act. Provides that, before a seller and purchaser enter into a pre-need contract or pre-need sales contract, the seller must disclose and fully explain that the purchaser may fund the contract by choosing one of the following options: depositing the funds into a local banking institution; depositing the funds into a trust program; or other means offered by the seller. Provides that the purchaser shall then choose one of those options. Provides that sellers of pre-need sales contracts must be licensed by the Department of Financial and Professional Regulation. Makes other changes. Effective immediately.

BURIAL,CEMETERY-PRE-NEED SALES

Rep. Dan Brady [R]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2014-01-13	House	Referred to Rules Committee
2014-01-13	House	First Reading
2014-01-13	House	Filed with the Clerk by Rep. Dan Brady

Chapter	Article	Section	Citation Type	Statute Text
225	45	1	Amended Code	Citation Text
225	45	1a	Amended Code	Citation Text
225	45	1c	New Code	See Bill Text
815	390	15	Amended Code	Citation Text
815	390	15.5	New Code	See Bill Text
815	390	17	Amended Code	Citation Text
815	390	4	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4201&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB4201.htm