Illinois · Senate Bill 1500 · 103rd General Assembly

COLLATERAL RECOVERY-VARIOUS

SB 1500 Sponsored by Kimberly A. Lightford Died in committee

  1. Introduced Feb 7, 2023
  2. In committee Feb 7, 2023
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Regulatory Sunset Act. Repeals the Collateral Recovery Act on January 1, 2032 (instead of January 1, 2027). Amends the Collateral Recovery Act. Makes changes to the findings and purposes provisions. Defines "hazardous material" and "personal information". Provides that the licensed repossession agency shall recycle or dispose of any personal effect that is a hazardous material in the manner required by…

Read the full title (207 words)

Amends the Regulatory Sunset Act. Repeals the Collateral Recovery Act on January 1, 2032 (instead of January 1, 2027). Amends the Collateral Recovery Act. Makes changes to the findings and purposes provisions. Defines "hazardous material" and "personal information". Provides that the licensed repossession agency shall recycle or dispose of any personal effect that is a hazardous material in the manner required by State or federal law. Provides that if a licensed repossession agency certifies that a repossessed vehicle contains one or more hazardous materials, the legal owner shall pay the licensed repossessing agency a disposal or recycling surcharge fee. Provides that the first surcharge fee shall be $50. Provides that on January 15, 2025 and each year thereafter, the Illinois Commerce Commission shall adjust and publish a new surcharge fee. Provides that if a licensed repossession agency has cause to believe that a vehicle that serves as collateral collects or stores personal information, then, as soon as practicable upon repossession of the vehicle and prior to the release of the vehicle from the possession of the licensed repossession agency, the licensed repossession agency shall clear, erase, delete, or otherwise eliminate the personal information collected or stored in or by the vehicle by utilizing a standardized electronic solution.

Every action

12 steps, oldest first, as the legislature records them.

  1. SenateFiled with Secretary by Sen. Kimberly A. Lightford
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Judiciary · Senate Judiciary
  5. CommitteeTo Subcommittee on Privacy · Senate Privacy
  6. SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford
  7. CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
  8. CommitteeSenate Committee Amendment No. 1 Assignments Refers to Judiciary · Senate Assignments
  9. CommitteeSenate Committee Amendment No. 1 To Subcommittee on Privacy · Senate Privacy
  10. CommitteeSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments
  11. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  12. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.