CREDIT REPAIR ORGANIZATIONS
- Introduced Feb 10, 2023
- In committee Feb 10, 2023
- Died
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Credit Services Organizations Act. Changes the name of the Act to the Credit Repair Organizations Act. Provides that the Director of Financial and Professional Regulation shall oversee the activities of credit repair organizations and compliance with the Act. Provides that a credit repair organization shall submit a report every 6 months to the Director containing specified information. Provides that the…
Read the full title (125 words)
Amends the Credit Services Organizations Act. Changes the name of the Act to the Credit Repair Organizations Act. Provides that the Director of Financial and Professional Regulation shall oversee the activities of credit repair organizations and compliance with the Act. Provides that a credit repair organization shall submit a report every 6 months to the Director containing specified information. Provides that the Director may adopt rules necessary to administer the Act. Makes changes in provisions concerning contracts between a buyer and a credit repair organization; registration of credit repair organizations; violations of the Act; and remedies. Repeals provisions concerning surety bonds. Defines terms. Repeals provisions concerning surety bonds. Amends the Consumer Fraud and Deceptive Business Practices Act to make conforming changes. Effective January 1, 2024.
Every action
26 steps, oldest first, as the legislature records them.
Show the 18 earlier steps
- SenateFiled with Secretary by Sen. Sara Feigenholtz
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to Financial Institutions · Senate Financial Institutions
- SenateAdded as Chief Co-Sponsor Sen. Mike Porfirio
- CommitteeDo Pass Financial Institutions; 006-002-000 · Senate Financial Institutions
- SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
- SenateAdded as Co-Sponsor Sen. Mike Simmons
- SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
- SenateAdded as Co-Sponsor Sen. Paul Faraci
- SenateAdded as Co-Sponsor Sen. Laura M. Murphy
- SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
- SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
- SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Sara Feigenholtz
- CommitteeSenate Floor Amendment No. 1 Referred to Assignments · Senate Assignments
- SenateSponsor Removed Sen. Elgie R. Sims, Jr.
- SenateAdded as Co-Sponsor Sen. Karina Villa
- CommitteeSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions · Senate Financial Institutions
- SenateSecond Reading
- SenatePlaced on Calendar Order of 3rd Reading March 30, 2023
- SenateRule 2-10(a) Third Reading Deadline Established As April 28, 2023
- SenateRule 2-10 Third Reading Deadline Established As May 11, 2023
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
- CommitteeSenate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments · Senate Assignments
- SenateSponsor Removed Sen. Meg Loughran Cappel
- SenateSession Sine Die
Roll calls
1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.
Committee votes
| Date | Where | Question | Result |
|---|---|---|---|
| Mar 7, 2023 | Senate Financial Institutions | Financial Institutions - Do Pass | 6–2 |
Sponsors
The member who introduced it, joined by 6 cosponsors: 6 Democrats.
-
Sara FeigenholtzD Primary sponsor · District 6
All 6 cosponsors
From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.