Illinois 98th Regular Session Status: In Committee

HB 2301 — NON-RECOURSE CIV LIT FUND ACT

Last action — Session Sine Die

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

This bill died with 98th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding must meet specified criteria. Provides that the contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt of funds, without penalty or further obligation. Specifies the notice requirements for contracts. Sets requirements for fee calculations. Prohibits unregistered companies from entering into a non-recourse civil litigation funding transaction with consumers. Provides requirements for the Department of Financial and Professional Regulation to consider while making decisions regarding registration. Authorizes the Department to make and enforce reasonable rules and regulations as may be necessary to carry out the provisions of the Act.

Bill Text

Action History

  1. Session Sine Die

  2. House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee

  3. House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee

  4. Rule 19(a) / Re-referred to Rules Committee

  5. House Committee Amendment No. 2 Rules Refers to Judiciary

  6. House Committee Amendment No. 2 Referred to Rules Committee

  7. House Committee Amendment No. 2 Filed with Clerk by Rep. André M. Thapedi

  8. House Committee Amendment No. 1 Rules Refers to Judiciary

  9. House Committee Amendment No. 1 Fiscal Note Filed as Amended

  10. House Committee Amendment No. 1 Referred to Rules Committee

  11. House Committee Amendment No. 1 Filed with Clerk by Rep. André M. Thapedi

  12. Added Chief Co-Sponsor Rep. Emanuel Chris Welch

  13. Added Chief Co-Sponsor Rep. Linda Chapa LaVia

  14. Added Chief Co-Sponsor Rep. Lou Lang

  15. Assigned to Judiciary

  16. Referred to Rules Committee

  17. First Reading

  18. Filed with the Clerk by Rep. André M. Thapedi

Sponsors

  • André M. Thapedi · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • André M. Thapedi

Not signed on (182)

182 members have not signed on to this bill.

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"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

Subjects

finance
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Frequently asked questions

What does HB 2301 do?
Creates the Non-Recourse Civil Litigation Funding Act. Provides that all contracts for non-recourse civil litigation funding must meet specified criteria. Provides that the contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt of funds, without penalty or further obligation. Specifies the notice requirements for contracts. Sets requirements for fee calculations. Prohibits unregistered companies from entering into a non-recourse civil litigation funding transaction with consumers. Provides requirements for the Department of Financial and Professional Regulation to consider while making decisions regarding registration. Authorizes the Department to make and enforce reasonable rules and regulations as may be necessary to carry out the provisions of the Act.
Who sponsors HB 2301?
HB 2301 is sponsored by André M. Thapedi.
What is the current status of HB 2301?
This bill died with 98th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 2301?
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Last checked for changes 3 months ago · updated continuously

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