Illinois 104th Regular Session Status: Enacted 2 D cosponsors

HB 5290 — SALES FINANCE AGENCY-VARIOUS

Last action — Public Act . . . . . . . . . 104-0516

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

This bill has been enacted into law. Introduced February 05, 2026. Enacted.

Signed by Governor JB Pritzker (Democratic) on June 26, 2026.

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

    2 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 D).

  • Cleared a recorded vote

    Passed 4 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.

In plain language

The bill revises regulations governing sales finance agencies.

This bill updates the rules and practices for sales finance agencies, affecting how they operate and interact with consumers. It aims to streamline processes and clarify responsibilities within the industry.

What this means for you
  • Consumers: This means you may encounter clearer and more efficient financing options when making retail purchases.

Bill Text

What changed in the latest version

52 added · 52 removed

Plain-language change summary

In the latest version of Bill HB 5290, all previous references to the "Engrossed" version have been changed to "Enrolled." This change signifies the bill's progression through the legislative process, indicating that it has passed the necessary approvals and is now in its final form before being sent for signature. This distinction matters because it represents an important milestone in the bill's journey, signaling that it is closer to becoming law.

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HB5290 Engrossed LRB104 17948 BAB 31385 b AN ACT concerning regulation.
HB5290 Enrolled LRB104 17948 BAB 31385 b AN ACT concerning regulation.
HB5290 Engrossed - 2 - LRB104 17948 BAB 31385 b "Person" means an individual, corporation, partnership, limited liability company, joint venture, or any other form of business association.
HB5290 Enrolled - 2 - LRB104 17948 BAB 31385 b "Person" means an individual, corporation, partnership, limited liability company, joint venture, or any other form of business association.
"Sales finance agency" means a person, irrespective of the person's state of domicile or place of business, engaged in this State, in whole or in part, in the business of purchasing or making loans secured by retail installment contracts, HB5290 Engrossed - 3 - LRB104 17948 BAB 31385 b retail charge agreements, or the outstanding balances under such contracts or agreements entered into in this State.
"Sales finance agency" means a person, irrespective of the person's state of domicile or place of business, engaged in this State, in whole or in part, in the business of purchasing or making loans secured by retail installment contracts, HB5290 Enrolled - 3 - LRB104 17948 BAB 31385 b retail charge agreements, or the outstanding balances under such contracts or agreements entered into in this State.
Each form shall contain content as set forth by rule, instruction, or procedure of the Department and may be changed or updated as necessary by the HB5290 Engrossed - 4 - LRB104 17948 BAB 31385 b Department to carry out the purposes of this Act.
Each form shall contain content as set forth by rule, instruction, or procedure of the Department and may be changed or updated as necessary by the HB5290 Enrolled - 4 - LRB104 17948 BAB 31385 b Department to carry out the purposes of this Act.
(d) For the purposes of this Section, and in order to reduce the points of contact that the Secretary may have to maintain for purposes of paragraph (2) of subsection (c), the Secretary may use the Nationwide Multistate Licensing System and Registry as a channeling agent for requesting and HB5290 Engrossed - 5 - LRB104 17948 BAB 31385 b distributing information to and from any source as directed by the Secretary.
(d) For the purposes of this Section, and in order to reduce the points of contact that the Secretary may have to maintain for purposes of paragraph (2) of subsection (c), the Secretary may use the Nationwide Multistate Licensing System and Registry as a channeling agent for requesting and HB5290 Enrolled - 5 - LRB104 17948 BAB 31385 b distributing information to and from any source as directed by the Secretary.
The business may, in addition, operate under an assumed corporate name pursuant to the Business Corporation Act of 1983, an HB5290 Engrossed - 6 - LRB104 17948 BAB 31385 b assumed limited liability company name pursuant to the Limited Liability Company Act, or an assumed business name pursuant to the Assumed Business Name Act.
The business may, in addition, operate under an assumed corporate name pursuant to the Business Corporation Act of 1983, an HB5290 Enrolled - 6 - LRB104 17948 BAB 31385 b assumed limited liability company name pursuant to the Limited Liability Company Act, or an assumed business name pursuant to the Assumed Business Name Act.
if the consolidating statements are unaudited, the applicant's chief financial officer shall attest to the applicant's financial statements disclosed HB5290 Engrossed - 7 - LRB104 17948 BAB 31385 b in the consolidating statements;
if the consolidating statements are unaudited, the applicant's chief financial officer shall attest to the applicant's financial statements disclosed HB5290 Enrolled - 7 - LRB104 17948 BAB 31385 b in the consolidating statements;
The license shall remain in full force and effect until it expires, it is surrendered by the licensee, or it is HB5290 Engrossed - 8 - LRB104 17948 BAB 31385 b revoked or suspended as provided by this Act.
The license shall remain in full force and effect until it expires, it is surrendered by the licensee, or it is HB5290 Enrolled - 8 - LRB104 17948 BAB 31385 b revoked or suspended as provided by this Act.
(1) an affirmation of financial solvency noting such capitalization requirements as may be required by the HB5290 Engrossed - 9 - LRB104 17948 BAB 31385 b Secretary and access to such credit as may be required by the Secretary;
(1) an affirmation of financial solvency noting such capitalization requirements as may be required by the HB5290 Enrolled - 9 - LRB104 17948 BAB 31385 b Secretary and access to such credit as may be required by the Secretary;
(A) person, entity, or ultimate equitable owner HB5290 Engrossed - 10 - LRB104 17948 BAB 31385 b that owns or controls, directly or indirectly, 10% or more of any class of stock of the license applicant;
(A) person, entity, or ultimate equitable owner HB5290 Enrolled - 10 - LRB104 17948 BAB 31385 b that owns or controls, directly or indirectly, 10% or more of any class of stock of the license applicant;
(1) will file with the Secretary or Nationwide HB5290 Engrossed - 11 - LRB104 17948 BAB 31385 b Multistate Licensing System and Registry, as applicable, any report or reports that it is required to file under any of the provisions of this Act when due;
(1) will file with the Secretary or Nationwide HB5290 Enrolled - 11 - LRB104 17948 BAB 31385 b Multistate Licensing System and Registry, as applicable, any report or reports that it is required to file under any of the provisions of this Act when due;
(8) will comply with the provisions of this Act and HB5290 Engrossed - 12 - LRB104 17948 BAB 31385 b with any lawful order, rule, or regulation made or issued under the provisions of this Act;
(8) will comply with the provisions of this Act and HB5290 Enrolled - 12 - LRB104 17948 BAB 31385 b with any lawful order, rule, or regulation made or issued under the provisions of this Act;
(a) Licenses shall be renewed every year using the common renewal date of the Nationwide Multistate Licensing System and HB5290 Engrossed - 13 - LRB104 17948 BAB 31385 b Registry, as required by the Secretary.
(a) Licenses shall be renewed every year using the common renewal date of the Nationwide Multistate Licensing System and HB5290 Enrolled - 13 - LRB104 17948 BAB 31385 b Registry, as required by the Secretary.
The licensee shall include a plan for the withdrawal from the regulated business, including a timetable for the disposition of the business, and comply with the surrender guidelines or HB5290 Engrossed - 14 - LRB104 17948 BAB 31385 b rules of the Department.
The licensee shall include a plan for the withdrawal from the regulated business, including a timetable for the disposition of the business, and comply with the surrender guidelines or HB5290 Enrolled - 14 - LRB104 17948 BAB 31385 b rules of the Department.
HB5290 Engrossed - 15 - LRB104 17948 BAB 31385 b (3) For each application for an initial branch license, the applicant shall pay a nonrefundable initial application fee of $100.
HB5290 Enrolled - 15 - LRB104 17948 BAB 31385 b (3) For each application for an initial branch license, the applicant shall pay a nonrefundable initial application fee of $100.
(9) If out-of-state travel occurs in the conduct of any examination, the licensee shall make arrangements to reimburse the Department for all charges for services, HB5290 Engrossed - 16 - LRB104 17948 BAB 31385 b including travel expenses such as airfare, hotel, and per diem expenses incurred by the employee.
(9) If out-of-state travel occurs in the conduct of any examination, the licensee shall make arrangements to reimburse the Department for all charges for services, HB5290 Enrolled - 16 - LRB104 17948 BAB 31385 b including travel expenses such as airfare, hotel, and per diem expenses incurred by the employee.
All moneys received by the Secretary under this Act in conjunction with the provisions relating to sales finance agencies shall be paid into the Financial Institution Fund, and all expenses incurred HB5290 Engrossed - 17 - LRB104 17948 BAB 31385 b by the Secretary under this Act in conjunction with the provisions relating to sales finance agencies shall be paid from the Financial Institution Fund.
All moneys received by the Secretary under this Act in conjunction with the provisions relating to sales finance agencies shall be paid into the Financial Institution Fund, and all expenses incurred HB5290 Enrolled - 17 - LRB104 17948 BAB 31385 b by the Secretary under this Act in conjunction with the provisions relating to sales finance agencies shall be paid from the Financial Institution Fund.
and (B) all reports and all books and records required to be made by any licensee under this Act, including HB5290 Engrossed - 18 - LRB104 17948 BAB 31385 b annual audited financial statements and annual reports of sales finance agency activity;
and (B) all reports and all books and records required to be made by any licensee under this Act, including HB5290 Enrolled - 18 - LRB104 17948 BAB 31385 b annual audited financial statements and annual reports of sales finance agency activity;
HB5290 Engrossed - 19 - LRB104 17948 BAB 31385 b (10) to enforce the provisions of this Act;
HB5290 Enrolled - 19 - LRB104 17948 BAB 31385 b (10) to enforce the provisions of this Act;
HB5290 Engrossed - 20 - LRB104 17948 BAB 31385 b (15) to enter into cooperative agreements with state regulatory authorities of other states to provide for examination of corporate offices or branches of those states and to accept reports of those examinations;
HB5290 Enrolled - 20 - LRB104 17948 BAB 31385 b (15) to enter into cooperative agreements with state regulatory authorities of other states to provide for examination of corporate offices or branches of those states and to accept reports of those examinations;
The Secretary and the Secretary's appointees may HB5290 Engrossed - 21 - LRB104 17948 BAB 31385 b examine the entire books, records, documents, and operations of each licensee and its subsidiary, affiliate, or agent and may examine any of the licensee's or its subsidiaries', affiliates', or agents' officers, directors, employees, and agents under oath.
The Secretary and the Secretary's appointees may HB5290 Enrolled - 21 - LRB104 17948 BAB 31385 b examine the entire books, records, documents, and operations of each licensee and its subsidiary, affiliate, or agent and may examine any of the licensee's or its subsidiaries', affiliates', or agents' officers, directors, employees, and agents under oath.
The Secretary may, through the Attorney General, immediately HB5290 Engrossed - 22 - LRB104 17948 BAB 31385 b appeal to the court of jurisdiction the disclosure of such confidential supervisory information and seek a stay of the subpoena pending the outcome of the appeal.
The Secretary may, through the Attorney General, immediately HB5290 Enrolled - 22 - LRB104 17948 BAB 31385 b appeal to the court of jurisdiction the disclosure of such confidential supervisory information and seek a stay of the subpoena pending the outcome of the appeal.
The Secretary may HB5290 Engrossed - 23 - LRB104 17948 BAB 31385 b condition a decision to disclose confidential supervisory information on entry of a protective order by the court or administrative tribunal presiding in the particular case or on a written agreement of confidentiality.
The Secretary may HB5290 Enrolled - 23 - LRB104 17948 BAB 31385 b condition a decision to disclose confidential supervisory information on entry of a protective order by the court or administrative tribunal presiding in the particular case or on a written agreement of confidentiality.
(b) A sales finance agency may not purchase any retail installment contract, any retail charge agreement, or evidence HB5290 Engrossed - 24 - LRB104 17948 BAB 31385 b of indebtedness thereunder that violates the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act.
(b) A sales finance agency may not purchase any retail installment contract, any retail charge agreement, or evidence HB5290 Enrolled - 24 - LRB104 17948 BAB 31385 b of indebtedness thereunder that violates the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act.
HB5290 Engrossed - 25 - LRB104 17948 BAB 31385 b (205 ILCS 660/6.6 new) Sec.
HB5290 Enrolled - 25 - LRB104 17948 BAB 31385 b (205 ILCS 660/6.6 new) Sec.
(2) For the purposes of investigating violations or HB5290 Engrossed - 26 - LRB104 17948 BAB 31385 b complaints arising under this Act or for the purposes of examination, the Secretary may review, investigate, or examine any licensee, individual, or person subject to this Act as often as necessary in order to carry out the purposes of this Act.
(2) For the purposes of investigating violations or HB5290 Enrolled - 26 - LRB104 17948 BAB 31385 b complaints arising under this Act or for the purposes of examination, the Secretary may review, investigate, or examine any licensee, individual, or person subject to this Act as often as necessary in order to carry out the purposes of this Act.
HB5290 Engrossed - 27 - LRB104 17948 BAB 31385 b (A) accounting compilations;
HB5290 Enrolled - 27 - LRB104 17948 BAB 31385 b (A) accounting compilations;
(A) retain attorneys, accountants, or other HB5290 Engrossed - 28 - LRB104 17948 BAB 31385 b professionals and specialists as examiners, auditors, or investigators to conduct or assist in the conduct of examinations or investigations;
(A) retain attorneys, accountants, or other HB5290 Enrolled - 28 - LRB104 17948 BAB 31385 b professionals and specialists as examiners, auditors, or investigators to conduct or assist in the conduct of examinations or investigations;
(7) The authority of this Section shall remain in effect if a licensee, individual, or person subject to HB5290 Engrossed - 29 - LRB104 17948 BAB 31385 b this Act acts or claims to act under any licensing or registration law of this State or claims to act without the authority.
(7) The authority of this Section shall remain in effect if a licensee, individual, or person subject to HB5290 Enrolled - 29 - LRB104 17948 BAB 31385 b this Act acts or claims to act under any licensing or registration law of this State or claims to act without the authority.
In order to promote more effective regulation and reduce regulatory burden through HB5290 Engrossed - 30 - LRB104 17948 BAB 31385 b supervisory information sharing:
In order to promote more effective regulation and reduce regulatory burden through HB5290 Enrolled - 30 - LRB104 17948 BAB 31385 b supervisory information sharing:
HB5290 Engrossed - 31 - LRB104 17948 BAB 31385 b (3) Information or material that is subject to a privilege or confidentiality under paragraph (1) shall not be subject to the following:
HB5290 Enrolled - 31 - LRB104 17948 BAB 31385 b (3) Information or material that is subject to a privilege or confidentiality under paragraph (1) shall not be subject to the following:
HB5290 Engrossed - 32 - LRB104 17948 BAB 31385 b (b) With the exception of filing for bankruptcy, surrender its license to the Secretary Director for cancellation.
HB5290 Enrolled - 32 - LRB104 17948 BAB 31385 b (b) With the exception of filing for bankruptcy, surrender its license to the Secretary Director for cancellation.
(2) a retail charge agreement for the sale of a canine HB5290 Engrossed - 33 - LRB104 17948 BAB 31385 b or feline;
(2) a retail charge agreement for the sale of a canine HB5290 Enrolled - 33 - LRB104 17948 BAB 31385 b or feline;
1-1-24.) (205 ILCS 660/10.7 new) HB5290 Engrossed - 34 - LRB104 17948 BAB 31385 b Sec.
1-1-24.) (205 ILCS 660/10.7 new) HB5290 Enrolled - 34 - LRB104 17948 BAB 31385 b Sec.
The court may grant other relief, including, but not limited to, the restraint, by injunction or appointment of a receiver, of any transfer, pledge, assignment, or other disposition of the person's assets or any concealment, alteration, destruction, or other disposition of books, accounts, records, or other documents and materials as the court deems appropriate, until the person has fully complied HB5290 Engrossed - 35 - LRB104 17948 BAB 31385 b with the subpoena or subpoena duces tecum and the Secretary has completed an investigation or examination.
The court may grant other relief, including, but not limited to, the restraint, by injunction or appointment of a receiver, of any transfer, pledge, assignment, or other disposition of the person's assets or any concealment, alteration, destruction, or other disposition of books, accounts, records, or other documents and materials as the court deems appropriate, until the person has fully complied HB5290 Enrolled - 35 - LRB104 17948 BAB 31385 b with the subpoena or subpoena duces tecum and the Secretary has completed an investigation or examination.
HB5290 Engrossed - 36 - LRB104 17948 BAB 31385 b (2) suspension of a license subject to reinstatement upon satisfying all reasonable conditions the Secretary may specify;
HB5290 Enrolled - 36 - LRB104 17948 BAB 31385 b (2) suspension of a license subject to reinstatement upon satisfying all reasonable conditions the Secretary may specify;
(4) any fact or condition exists that, if it had existed at the time of the original application for the HB5290 Engrossed - 37 - LRB104 17948 BAB 31385 b license, would have warranted the Secretary in refusing to originally issue the license;
(4) any fact or condition exists that, if it had existed at the time of the original application for the HB5290 Enrolled - 37 - LRB104 17948 BAB 31385 b license, would have warranted the Secretary in refusing to originally issue the license;
HB5290 Engrossed - 38 - LRB104 17948 BAB 31385 b (11) failure to pay in a timely manner any fee, charge, or fine under this Act;
HB5290 Enrolled - 38 - LRB104 17948 BAB 31385 b (11) failure to pay in a timely manner any fee, charge, or fine under this Act;
(f) No revocation, suspension, or surrender of any license HB5290 Engrossed - 39 - LRB104 17948 BAB 31385 b shall impair or affect the obligation of any preexisting lawful contract between the licensee and any person.
(f) No revocation, suspension, or surrender of any license HB5290 Enrolled - 39 - LRB104 17948 BAB 31385 b shall impair or affect the obligation of any preexisting lawful contract between the licensee and any person.
(j) No revocation, suspension, or surrender of any license shall impair or affect the obligation of any preexisting HB5290 Engrossed - 40 - LRB104 17948 BAB 31385 b lawful contract between the licensee and any obligor.
(j) No revocation, suspension, or surrender of any license shall impair or affect the obligation of any preexisting HB5290 Enrolled - 40 - LRB104 17948 BAB 31385 b lawful contract between the licensee and any obligor.
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The Secretary and any administrative law judge designated by the Secretary shall have the power to administer oaths and affirmations, HB5290 Engrossed - 41 - LRB104 17948 BAB 31385 b subpoena witnesses and compel their attendance, take evidence, and require the production of books, papers, correspondence, and other records or information that the Secretary considers relevant or material to the inquiry.
The Secretary and any administrative law judge designated by the Secretary shall have the power to administer oaths and affirmations, HB5290 Enrolled - 41 - LRB104 17948 BAB 31385 b subpoena witnesses and compel their attendance, take evidence, and require the production of books, papers, correspondence, and other records or information that the Secretary considers relevant or material to the inquiry.
Every licensee shall retain such records as are HB5290 Engrossed - 42 - LRB104 17948 BAB 31385 b required by the Department.
Every licensee shall retain such records as are HB5290 Enrolled - 42 - LRB104 17948 BAB 31385 b required by the Department.
(3) rules that define the terms used in this Act and as may be necessary and appropriate to interpret and HB5290 Engrossed - 43 - LRB104 17948 BAB 31385 b implement the provisions of this Act;
(3) rules that define the terms used in this Act and as may be necessary and appropriate to interpret and HB5290 Enrolled - 43 - LRB104 17948 BAB 31385 b implement the provisions of this Act;
(1) appointment of a hearing officer other than a regular employee of the Division of Financial HB5290 Engrossed - 44 - LRB104 17948 BAB 31385 b Institutions;
(1) appointment of a hearing officer other than a regular employee of the Division of Financial HB5290 Enrolled - 44 - LRB104 17948 BAB 31385 b Institutions;
A claim of violation of this Act HB5290 Engrossed - 45 - LRB104 17948 BAB 31385 b may be asserted in a civil action.
A claim of violation of this Act HB5290 Enrolled - 45 - LRB104 17948 BAB 31385 b may be asserted in a civil action.
(e) The Secretary Director shall schedule a hearing within HB5290 Engrossed - 46 - LRB104 17948 BAB 31385 b 30 days after the request for a hearing unless otherwise agreed to by the parties.
(e) The Secretary Director shall schedule a hearing within HB5290 Enrolled - 46 - LRB104 17948 BAB 31385 b 30 days after the request for a hearing unless otherwise agreed to by the parties.
(b) This Act does not apply to a person or entity that, in HB5290 Engrossed - 47 - LRB104 17948 BAB 31385 b connection with a securitization, private placement, or similar type of investment transaction, lends against or purchases from an Illinois licensed sales finance agency retail installment contracts, retail charge agreements, or the outstanding balances or any portion of the outstanding balances under those contracts or agreements, provided that the licensed sales finance agency retains the servicing of the agreements or contracts and maintains the records for those agreements and contracts.
(b) This Act does not apply to a person or entity that, in HB5290 Enrolled - 47 - LRB104 17948 BAB 31385 b connection with a securitization, private placement, or similar type of investment transaction, lends against or purchases from an Illinois licensed sales finance agency retail installment contracts, retail charge agreements, or the outstanding balances or any portion of the outstanding balances under those contracts or agreements, provided that the licensed sales finance agency retains the servicing of the agreements or contracts and maintains the records for those agreements and contracts.
If it appears to the Secretary Director that a person has committed or is about to commit a violation of this Act, a rule promulgated under this Act, or an order of the Secretary Director, the HB5290 Engrossed - 48 - LRB104 17948 BAB 31385 b Secretary Director may apply to the circuit court for an order enjoining the person from violating or continuing to violate this Act, the rule, or order and for injunctive or other relief that the nature of the case may require and may, in addition, request the court to assess a civil penalty up to $10,000 $1,000 along with costs and attorney's fees.
If it appears to the Secretary Director that a person has committed or is about to commit a violation of this Act, a rule promulgated under this Act, or an order of the Secretary Director, the HB5290 Enrolled - 48 - LRB104 17948 BAB 31385 b Secretary Director may apply to the circuit court for an order enjoining the person from violating or continuing to violate this Act, the rule, or order and for injunctive or other relief that the nature of the case may require and may, in addition, request the court to assess a civil penalty up to $10,000 $1,000 along with costs and attorney's fees.
1-1-98.) (205 ILCS 660/5 rep.) (205 ILCS 660/6 rep.) (205 ILCS 660/7 rep.) (205 ILCS 660/8 rep.) (205 ILCS 660/8.1 rep.) (205 ILCS 660/8.2 rep.) (205 ILCS 660/8.3 rep.) (205 ILCS 660/8.4 rep.) (205 ILCS 660/8.5 rep.) (205 ILCS 660/8.6 rep.) (205 ILCS 660/8.8 rep.) (205 ILCS 660/8.9 rep.) (205 ILCS 660/8.10 rep.) (205 ILCS 660/8.11 rep.) (205 ILCS 660/8.12 rep.) (205 ILCS 660/8.13 rep.) (205 ILCS 660/8.14 rep.) (205 ILCS 660/10 rep.) HB5290 Engrossed - 49 - LRB104 17948 BAB 31385 b (205 ILCS 660/10.1 rep.) (205 ILCS 660/10.3 rep.) (205 ILCS 660/10.4 rep.) (205 ILCS 660/11 rep.) (205 ILCS 660/14 rep.) (205 ILCS 660/18 rep.) Section 10.
1-1-98.) (205 ILCS 660/5 rep.) (205 ILCS 660/6 rep.) (205 ILCS 660/7 rep.) (205 ILCS 660/8 rep.) (205 ILCS 660/8.1 rep.) (205 ILCS 660/8.2 rep.) (205 ILCS 660/8.3 rep.) (205 ILCS 660/8.4 rep.) (205 ILCS 660/8.5 rep.) (205 ILCS 660/8.6 rep.) (205 ILCS 660/8.8 rep.) (205 ILCS 660/8.9 rep.) (205 ILCS 660/8.10 rep.) (205 ILCS 660/8.11 rep.) (205 ILCS 660/8.12 rep.) (205 ILCS 660/8.13 rep.) (205 ILCS 660/8.14 rep.) (205 ILCS 660/10 rep.) HB5290 Enrolled - 49 - LRB104 17948 BAB 31385 b (205 ILCS 660/10.1 rep.) (205 ILCS 660/10.3 rep.) (205 ILCS 660/10.4 rep.) (205 ILCS 660/11 rep.) (205 ILCS 660/14 rep.) (205 ILCS 660/18 rep.) Section 10.
HB5290 Engrossed - 50 - LRB104 17948 BAB 31385 b INDEX Statutes amended in order of appearance 205 ILCS 660/2 from Ch.
HB5290 Enrolled - 50 - LRB104 17948 BAB 31385 b INDEX Statutes amended in order of appearance 205 ILCS 660/2 from Ch.
5231 HB5290 Engrossed - 51 - LRB104 17948 BAB 31385 b 205 ILCS 660/13.5 new 205 ILCS 660/14.5 new 205 ILCS 660/15.5 205 ILCS 660/16.5 205 ILCS 660/17 from Ch.
5231 HB5290 Enrolled - 51 - LRB104 17948 BAB 31385 b 205 ILCS 660/13.5 new 205 ILCS 660/14.5 new 205 ILCS 660/15.5 205 ILCS 660/16.5 205 ILCS 660/17 from Ch.
HB5290 Engrossed - 52 - LRB104 17948 BAB 31385 b 205 ILCS 660/10.4 rep.
HB5290 Enrolled - 52 - LRB104 17948 BAB 31385 b 205 ILCS 660/10.4 rep.
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Amendments

1 amendment

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Action History

  1. Public Act . . . . . . . . . 104-0516

  2. Effective Date June 26, 2026

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Passed; 036-019-000

  7. Placed on Calendar Order of 3rd Reading May 5, 2026

  8. Second Reading

  9. Placed on Calendar Order of 2nd Reading April 28, 2026

  10. Approved for Consideration Assignments

  11. Referred to Assignments

  12. First Reading

  13. Chief Senate Sponsor Sen. Laura Ellman

  14. Placed on Calendar Order of First Reading

  15. Arrive in Senate

  16. Third Reading - Short Debate - Passed 070-036-000

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

  18. Second Reading - Short Debate

  19. House Floor Amendment No. 1 Adopted

  20. House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000

  21. House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

  22. House Floor Amendment No. 1 Referred to Rules Committee

  23. House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke

  24. Placed on Calendar 2nd Reading - Short Debate

  25. Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-003-000

  26. Assigned to Financial Institutions and Licensing Committee

  27. Referred to Rules Committee

  28. First Reading

  29. Filed with the Clerk by Rep. Margaret Croke

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 181 not signed on · 56 voted No

Sponsors (2)

Co-sponsors (0)

None.

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 36 Yea · 19 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 2001
Democrat 34002
Republican 01900
Total 361903
% of votes cast 62%33%0%5%
How each member voted (58)
Member Party Vote
Simmons — Yea
Glowiak Hilton — Not Voting
Loughran Cappel — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Doris Turner Democrat Not Voting
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Yea
Graciela Guzmán Democrat Yea
Gregg Johnson Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Not Voting
Lakesia Collins Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mark L. Walker Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Yea
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Nay
Chapin Rose Republican Nay
Chris Balkema Republican Nay
Craig Wilcox Republican Nay
Dale Fowler Republican Nay
Darby A. Hills Republican Nay
Dave Syverson Republican Nay
Donald P. DeWitte Republican Nay
Erica Harriss Republican Nay
Jason Plummer Republican Nay
Jil Tracy Republican Nay
John F. Curran Republican Nay
Li Arellano, Jr. Republican Nay
Neil Anderson Republican Nay
Sally J. Turner Republican Nay
Seth Lewis Republican Nay
Steve McClure Republican Nay
Sue Rezin Republican Nay
Terri Bryant Republican Nay

Official roll call →

Third Reading

Passed 70 Yea · 36 Nay · 12 Other
Party YeaNayPresentNot Voting
Democrat 64007
Unaffiliated 5101
Republican 03504
Total 6936012
% of votes cast 59%31%0%10%
How each member voted (117)
Member Party Vote
Du Buclet — Yea
Faver Dias — Yea
Hernandez, Lisa — Not Voting
Katz Muhl — Yea
La Ha — Nay
Williams, Jawaharial — Yea
Yang Rohr — Yea
Aarón M. Ortíz Democrat Yea
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Diane Blair-Sherlock Democrat Yea
Edgar González, Jr. Democrat Yea
Eva-Dina Delgado Democrat Not Voting
Fred Crespo Democrat Yea
Gregg Johnson Democrat Not Voting
Harry Benton Democrat Not Voting
Hoan Huynh Democrat Not Voting
Jaime M. Andrade, Jr. Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Yea
Justin Cochran Democrat Yea
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
Kevin John Olickal Democrat Yea
La Shawn K. Ford Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Yea
Marcus C. Evans, Jr. Democrat Not Voting
Margaret A. DeLaRosa Democrat Yea
Margaret Croke Democrat Yea
Martha Deuter Democrat Yea
Mary Beth Canty Democrat Yea
Mary Gill Democrat Yea
Matt Hanson Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael Crawford Democrat Yea
Michael J. Kelly Democrat Not Voting
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Nicolle Grasse Democrat Yea
Norma Hernandez Democrat Yea
Rick Ryan Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sharon Chung Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Not Voting
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Nay
Amy Elik Republican Nay
Amy L. Grant Republican Nay
Blaine Wilhour Republican Nay
Brad Halbrook Republican Nay
Brad Stephens Republican Nay
Bradley Fritts Republican Nay
Brandun Schweizer Republican Nay
Charles Meier Republican Nay
Chris Miller Republican Nay
Christopher "C.D." Davidsmeyer Republican Not Voting
Dan Swanson Republican Nay
Daniel J. Ugaste Republican Nay
Dave Severin Republican Nay
David Friess Republican Nay
Dennis Tipsword Republican Not Voting
Jackie Haas Republican Nay
Jason R. Bunting Republican Nay
Jed Davis Republican Nay
Jeff Keicher Republican Nay
Jennifer Sanalitro Republican Nay
Joe C. Sosnowski Republican Nay
John M. Cabello Republican Nay
Kevin Schmidt Republican Nay
Kyle Moore Republican Nay
Martin McLaughlin Republican Nay
Michael J. Coffey, Jr. Republican Nay
Norine K. Hammond Republican Not Voting
Patrick Sheehan Republican Nay
Patrick Windhorst Republican Nay
Paul Jacobs Republican Nay
Regan Deering Republican Nay
Ryan Spain Republican Nay
Steven Reick Republican Nay
Tom Weber Republican Nay
Tony M. McCombie Republican Nay
Travis Weaver Republican Nay
Wayne A. Rosenthal Republican Not Voting
William E Hauter Republican Nay

Official roll call →

Financial Institutions & Licensing, Amendment 1

Passed 8 Yea · 4 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Republican 0400
Total 8400
% of votes cast 67%33%0%0%
How each member voted (12)
Member Party Vote
Daniel Didech Democrat Yea
Eva-Dina Delgado Democrat Yea
Jawaharial Williams Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Margaret Croke Democrat Yea
Michael Crawford Democrat Yea
Natalie A. Manley Democrat Yea
Rita Mayfield Democrat Yea
Christopher "C.D." Davidsmeyer Republican Nay
Daniel J. Ugaste Republican Nay
Michael J. Coffey, Jr. Republican Nay
Ryan Spain Republican Nay

Official roll call →

Financial Institutions & Licensing

Passed 7 Yea · 3 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 7001
Republican 0301
Total 7302
% of votes cast 58%25%0%17%
How each member voted (12)
Member Party Vote
Barbara Hernandez Democrat Yea
Eva-Dina Delgado Democrat Yea
Gregg Johnson Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Margaret A. DeLaRosa Democrat Yea
Margaret Croke Democrat Not Voting
Maurice A. West, II Democrat Yea
Natalie A. Manley Democrat Yea
Christopher "C.D." Davidsmeyer Republican Nay
Daniel J. Ugaste Republican Nay
Michael J. Coffey, Jr. Republican Nay
Ryan Spain Republican Not Voting

Official roll call →

Subjects

finance
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Frequently asked questions

Who sponsors HB 5290?
HB 5290 is sponsored by Margaret Croke (Democrat) and Laura Ellman (Democrat).
What is the current status of HB 5290?
This bill has been enacted into law. Introduced February 05, 2026. Enacted.
Where can I track HB 5290?
Track HB 5290 free on One Click Politics — get push/email alerts when it moves.

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