Illinois 100th Regular Session Status: Enacted 1 D cosponsors

SB 3392 — INSTALLMENT SALE NO INTEREST

Last action — Public Act . . . . . . . . . 100-0626

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 16, 2018. Enacted.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    0 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amends the Installment Sales Contract Act. Excludes from the scope of the term "installment sales contract" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately.

Bill Text

What changed in the latest version

3 added · 3 removed

Plain-language change summary

The changes made to Bill SB 3392 involve updating the wording from "Engrossed" to "Enrolled." This shift is important because "Enrolled" indicates that the bill has been finalized and prepared for the Governor's signature, suggesting that it is one step closer to becoming law. By transitioning to the "Enrolled" version, it shows that the legislative process is advancing and the bill is nearing completion.

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Latest
SB3392 Engrossed LRB100 18305 JLS 33510 b AN ACT concerning civil law.
SB3392 Enrolled LRB100 18305 JLS 33510 b AN ACT concerning civil law.
"Date of sale" means the date that both the seller and SB3392 Engrossed - 2 - LRB100 18305 JLS 33510 b buyer have signed the written contract.
"Date of sale" means the date that both the seller and SB3392 Enrolled - 2 - LRB100 18305 JLS 33510 b buyer have signed the written contract.
"Seller" means an individual or legal entity that possesses a legal or beneficial interest in real estate and that enters SB3392 Engrossed - 3 - LRB100 18305 JLS 33510 b into an installment sales contract more than 3 times during a 12-month period to sell residential real estate.
"Seller" means an individual or legal entity that possesses a legal or beneficial interest in real estate and that enters SB3392 Enrolled - 3 - LRB100 18305 JLS 33510 b into an installment sales contract more than 3 times during a 12-month period to sell residential real estate.
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Action History

  1. Public Act . . . . . . . . . 100-0626

  2. Effective Date July 20, 2018

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 116-001-000

  7. Final Action Deadline Extended-9(b) May 31, 2018

  8. Placed on Calendar Order of 3rd Reading - Short Debate

  9. Second Reading - Short Debate

  10. Placed on Calendar 2nd Reading - Short Debate

  11. Do Pass / Short Debate Judiciary - Civil Committee; 010-000-000

  12. Reported Back To Judiciary - Civil Committee;

  13. Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000

  14. To Real & Personal Property Law Subcommittee

  15. Added Alternate Co-Sponsor Rep. Peter Breen

  16. Assigned to Judiciary - Civil Committee

  17. Referred to Rules Committee

  18. First Reading

  19. Chief House Sponsor Rep. Marcus C. Evans, Jr.

  20. Arrived in House

  21. Third Reading - Passed; 053-000-000

  22. Placed on Calendar Order of 3rd Reading April 23, 2018

  23. Second Reading

  24. Placed on Calendar Order of 2nd Reading April 12, 2018

  25. Do Pass as Amended Financial Institutions; 007-000-000

  26. Senate Committee Amendment No. 1 Adopted

  27. Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions

  28. Senate Committee Amendment No. 1 Referred to Assignments

  29. Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler

  30. Assigned to Financial Institutions

  31. Referred to Assignments

  32. First Reading

  33. Filed with Secretary by Sen. David Koehler

Sponsors

Sponsorship breakdown

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0 sponsors · 2 co-sponsors · 181 not signed on · 1 voted No

Sponsors (0)

None.

Co-sponsors (2)

Not signed on (181)

181 members have not signed on to this bill.

Show all 181 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 116 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 73001
Republican 12000
Democrat 31100
Total 116101
% of votes cast 98%1%0%1%
How each member voted (118)
Member Party Vote
Batinick — Yea
Bellock — Yea
Bourne — Yea
Breen — Yea
Bristow — Yea
Butler — Yea
Carroll — Yea
Connor — Yea
Conroy — Yea
Conyears-Ervin — Yea
Costello — Yea
McAuliffe — Yea
Long — Yea
Phillips — Yea
Sente — Yea
Skillicorn — Yea
Bennett — Yea
Sauer — Yea
Brady — Yea
Harris, David — Yea
Harris, Gregory — Yea
Hernandez — Yea
Burke, Daniel — Yea
Burke, Kelly — Yea
Frese — Yea
Greenwood — Yea
Hays — Yea
Hurley — Yea
Ives — Yea
Jesiel — Yea
Lang — Yea
Jones — Yea
McDermed — Yea
McSweeney — Yea
Davis — Yea
Stratton — Yea
Wheeler, Barbara — Yea
Wheeler, Keith — Yea
Mitchell, Bill — Yea
Tabares — Yea
Williams — Yea
Mitchell, Christian — Yea
Thapedi — Yea
Turner — Yea
Finnie, Natalie — Yea
Wallace — Yea
Welter — Yea
Willis — Yea
Cavaletto — Yea
Currie — Yea
D'Amico — Yea
Demmer — Yea
Drury — Yea
Durkin — Yea
Flowers — Yea
Fortner — Yea
Jimenez — Yea
Yingling — Yea
Zalewski — Yea
Olsen — Yea
Parkhurst — Yea
Pritchard — Yea
Reis — Yea
Riley — Yea
Sommer — Yea
Soto — Yea
Stewart — Yea
Unes — Yea
Wehrli — Yea
Winger — Yea
Madigan — Yea
Andersson — Yea
Arroyo — Not Voting
Chapa LaVia — Yea
Anna Moeller Democrat Yea
Anthony DeLuca Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Emanuel "Chris" Welch Democrat Yea
Fred Crespo Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Julie A. Morrison Democrat Nay
Justin Slaughter Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
La Shawn K. Ford Democrat Yea
Laura Fine Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Marcus C. Evans, Jr. Democrat Yea
Martin J. Moylan Democrat Yea
Michael W. Halpin Democrat Yea
Michelle Mussman Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robert F. Martwick Democrat Yea
Robyn Gabel Democrat Yea
Sara Feigenholtz Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
Brad Halbrook Republican Yea
Charles Meier Republican Yea
Christopher "C.D." Davidsmeyer Republican Yea
Dan Swanson Republican Yea
Dave Severin Republican Yea
Joe C. Sosnowski Republican Yea
John M. Cabello Republican Yea
Norine K. Hammond Republican Yea
Ryan Spain Republican Yea
Steven Reick Republican Yea
Terri Bryant Republican Yea
Tony M. McCombie Republican Yea

Official roll call →

Third Reading

Passed 53 Yea · 0 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 30005
Democrat 14001
Republican 9000
Total 53006
% of votes cast 90%0%0%10%
How each member voted (59)
Member Party Vote
Bertino-Tarrant — Yea
Biss — Yea
Bivins — Not Voting
Bush — Yea
McConnaughay — Yea
Connelly — Yea
Link — Yea
Manar — Yea
Rooney — Yea
McCann — Yea
McCarter — Yea
Mulroe — Yea
Muñoz — Yea
Oberweis — Yea
Raoul — Yea
Bennett — Yea
Harris — Yea
McGuire — Yea
Steans — Yea
Brady — Yea
Cullerton — Yea
Cullerton, T. — Yea
Haine — Yea
Hutchinson — Yea
Landek — Not Voting
Clayborne — Not Voting
Nybo — Yea
Righter — Not Voting
Sandoval — Yea
Schimpf — Yea
Silverstein — Not Voting
Althoff — Yea
Martinez — Yea
Barickman — Yea
Van Pelt — Yea
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Elgie R. Sims, Jr. Democrat Not Voting
Emil Jones, III Democrat Yea
Julie A. Morrison Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Omar Aquino Democrat Yea
Steve Stadelman Democrat Yea
Chapin Rose Republican Yea
Dale Fowler Republican Yea
Dan McConchie Republican Yea
Dave Syverson Republican Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Yea
Sue Rezin Republican Yea
Travis Weaver Republican Yea

Official roll call →

Subjects

housing civil-rights
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 3392 do?
Amends the Installment Sales Contract Act. Excludes from the scope of the term "installment sales contract" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately.
Who sponsors SB 3392?
SB 3392 is sponsored by David Koehler (Democrat) and Peter Breen.
What is the current status of SB 3392?
This bill has been enacted into law. Introduced February 16, 2018. Enacted.
Where can I track SB 3392?
Track SB 3392 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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