Illinois · Senate Bill 3314 · 103rd General Assembly

CONSUMER LEGAL-REFINANCING

SB 3314 Sponsored by Bill Cunningham Became law

  1. Introduced Feb 7, 2024
  2. In committee Feb 7, 2024
  3. Passed the Senate Apr 10, 2024
  4. Passed the House May 21, 2024
  5. To the governor Jun 21, 2024
  6. Became law Aug 9, 2024

What it does

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

Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after…

Read the full title (89 words)

Amends the Consumer Legal Funding Act. Provides that, notwithstanding any other law, a consumer legal funding may be refinanced as authorized by rule. Provides that the Department of Financial and Professional Regulation shall publish first notice of a rule concerning the refinancing of consumer legal fundings in the Illinois Register in accordance with the Illinois Administrative Procedure Act within 120 days after the effective date of the amendatory Act. Authorizes the Department to adopt rules to permit the refinancing of consumer legal fundings. Makes conforming changes to contract disclosures.

Every action

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

Show the 35 earlier steps
  1. SenateFiled with Secretary by Sen. Bill Cunningham
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Judiciary · Senate Judiciary
  5. CommitteeDo Pass Judiciary; 006-003-000 · Senate Judiciary
  6. SenatePlaced on Calendar Order of 2nd Reading March 7, 2024
  7. SenateSecond Reading
  8. SenatePlaced on Calendar Order of 3rd Reading March 20, 2024
  9. SenateThird Reading - Passed; 040-018-000
  10. HouseArrived in House
  11. HouseChief House Sponsor Rep. Nabeela Syed
  12. HouseAlternate Chief Sponsor Changed to Rep. Curtis J. Tarver, II
  13. HouseFirst Reading
  14. CommitteeReferred to Rules Committee · House Rules
  15. CommitteeAssigned to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  16. HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
  17. CommitteeHouse Committee Amendment No. 1 Referred to Rules Committee · House Rules
  18. CommitteeDo Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000 · House Financial Institutions & Licensing
  19. HouseHouse Committee Amendment No. 1 Tabled
  20. HousePlaced on Calendar 2nd Reading - Short Debate
  21. HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II
  22. CommitteeHouse Floor Amendment No. 2 Referred to Rules Committee · House Rules
  23. CommitteeHouse Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  24. HouseSecond Reading - Short Debate
  25. HouseHeld on Calendar Order of Second Reading - Short Debate
  26. HouseThird Reading/Final Action Deadline Extended-9(b) May 24, 2024
  27. CommitteeHouse Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 007-004-000 · House Financial Institutions & Licensing
  28. HouseHouse Floor Amendment No. 2 Adopted
  29. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  30. HouseThird Reading - Short Debate - Passed 078-035-000
  31. SenateSecretary's Desk - Concurrence House Amendment(s) 2
  32. SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - May 21, 2024
  33. SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Bill Cunningham
  34. CommitteeHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments · Senate Assignments
  35. CommitteeHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Judiciary · Senate Assignments
  1. CommitteeHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Judiciary; 005-003-000 · Senate Judiciary
  2. SenateHouse Floor Amendment No. 2 Senate Concurs 041-018-000
  3. SenateSenate Concurs
  4. SenatePassed Both Houses
  5. SenateSent to the Governor
  6. SenateGovernor Approved
  7. SenateEffective Date January 1, 2025
  8. SenatePublic Act . . . . . . . . . 103-0974

Roll calls

7 recorded votes: 3 on the floor, 4 in committee. Each shows how every member voted.

Third Reading · Full Senate

Passed 40–18
Apr 10, 2024 · journal entry
Yes 40 No 18 Not voting 1
Democrats: 39 yes, 0 no Republicans: 1 yes, 18 no
How each member voted

Yes · 40

No · 18

Not voting · 1

Third Reading · Full House

Passed 78–35
May 21, 2024 · journal entry
Yes 78 No 35 Not voting 4
Democrats: 74 yes, 0 no Republicans: 4 yes, 35 no
How each member voted

Yes · 78

No · 35

Excused · 4

House Floor Amendment No. 2 - Concurrence · Full Senate

Passed 41–18
May 24, 2024 · journal entry
Yes 41 No 18
Democrats: 40 yes, 0 no Republicans: 1 yes, 18 no
How each member voted

Yes · 41

No · 18

Committee and other votes

DateWhereQuestionResult
Mar 5, 2024 Senate Judiciary Judiciary - Do Pass
Members

Yes · 6

No · 3

 6–3
Apr 30, 2024 House Financial Institutions & Licensing Financial Institutions & Licensing - Do Pass
Members

Yes · 8

No · 4

 Passed 8–4
May 20, 2024 House Financial Institutions & Licensing House Floor Amendment No. 2 - Financial Institutions & Licensing - Recommends Be Adopted
Members

Yes · 7

No · 4

 Passed 7–4
May 23, 2024 Senate Judiciary House Floor Amendment No. 2 - Judiciary - Recommend Do Adopt
Members

Yes · 5

No · 3

Not voting · 1

 Passed 5–3

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.