Illinois 104th Regular Session Status: Enacted Bipartisan · 6 D · 1 R cosponsors

SB 1537 — STUDENT LOAN SERVICING RIGHTS

Last action — Public Act . . . . . . . . . 104-0383

Track this bill free

No card. One bill, free forever — alerts when it moves.

  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 04, 2025. Enacted.

Signed by Governor JB Pritzker (Democratic) on August 15, 2025.

Prognosis

Likely to advance 98% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 7 sponsors

    2 primary, 5 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (6 D · 1 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 5 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.

Bill Text

What changed in the latest version

48 added · 48 removed

Plain-language change summary

The update to SB 1537 adds new rules related to educational income share agreements, which allow students to pay for education in exchange for a percentage of their future income. These rules establish limits on payments, duration of agreements, and protections against excessive fees and garnishments. This change is important because it aims to make these financial products more transparent and fair for students, helping them manage their obligations while pursuing education. Additionally, it allows the Attorney General to enforce these protections, providing a mechanism for accountability.

→
Previous
Latest
SB1537 Engrossed LRB104 08584 JDS 18636 b AN ACT concerning education.
SB1537 Enrolled LRB104 08584 JDS 18636 b AN ACT concerning education.
SB1537 Engrossed - 2 - LRB104 08584 JDS 18636 b "Department" means the Department of Financial and Professional Regulation.
SB1537 Enrolled - 2 - LRB104 08584 JDS 18636 b "Department" means the Department of Financial and Professional Regulation.
"Income-driven payment plan certification" means the SB1537 Engrossed - 3 - LRB104 08584 JDS 18636 b documentation related to a federal student loan borrower's income or financial status the borrower must submit to renew an income-driven repayment plan.
"Income-driven payment plan certification" means the SB1537 Enrolled - 3 - LRB104 08584 JDS 18636 b documentation related to a federal student loan borrower's income or financial status the borrower must submit to renew an income-driven repayment plan.
SB1537 Engrossed - 4 - LRB104 08584 JDS 18636 b "Requester" means any borrower or cosigner that submits a request for assistance.
SB1537 Enrolled - 4 - LRB104 08584 JDS 18636 b "Requester" means any borrower or cosigner that submits a request for assistance.
"Student loan" shall not include an extension of credit under an open-end consumer credit plan, a reverse mortgage SB1537 Engrossed - 5 - LRB104 08584 JDS 18636 b transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling.
"Student loan" shall not include an extension of credit under an open-end consumer credit plan, a reverse mortgage SB1537 Enrolled - 5 - LRB104 08584 JDS 18636 b transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling.
(2) a wholly owned subsidiary of any bank, savings bank, savings association, or credit union organized under SB1537 Engrossed - 6 - LRB104 08584 JDS 18636 b the laws of the State or any other state or under the laws of the United States;
(2) a wholly owned subsidiary of any bank, savings bank, savings association, or credit union organized under SB1537 Enrolled - 6 - LRB104 08584 JDS 18636 b the laws of the State or any other state or under the laws of the United States;
SB1537 Engrossed - 7 - LRB104 08584 JDS 18636 b 1078(B));
SB1537 Enrolled - 7 - LRB104 08584 JDS 18636 b 1078(B));
8-2-24.) SB1537 Engrossed - 8 - LRB104 08584 JDS 18636 b (110 ILCS 992/Art.
8-2-24.) SB1537 Enrolled - 8 - LRB104 08584 JDS 18636 b (110 ILCS 992/Art.
The "annual percentage rate" of an EISA is the measure of the SB1537 Engrossed - 9 - LRB104 08584 JDS 18636 b cost of the EISA, expressed as a yearly rate, that relates to the amount and timing of value received by the consumer to the amount and timing of payments made, including any charges or fees that would be included in the APR as set forth under Regulation Z, 12 CFR Part 1026.
The "annual percentage rate" of an EISA is the measure of the SB1537 Enrolled - 9 - LRB104 08584 JDS 18636 b cost of the EISA, expressed as a yearly rate, that relates to the amount and timing of value received by the consumer to the amount and timing of payments made, including any charges or fees that would be included in the APR as set forth under Regulation Z, 12 CFR Part 1026.
(4) there is an EISA duration after which the obligation is complete, regardless of how much has been paid, as long as the consumer has paid any prior amounts SB1537 Engrossed - 10 - LRB104 08584 JDS 18636 b due;
(4) there is an EISA duration after which the obligation is complete, regardless of how much has been paid, as long as the consumer has paid any prior amounts SB1537 Enrolled - 10 - LRB104 08584 JDS 18636 b due;
SB1537 Engrossed - 11 - LRB104 08584 JDS 18636 b For purposes of this definition, an EISA shall be treated as a credit, within the meaning of that term under 15 U.S.C.
SB1537 Enrolled - 11 - LRB104 08584 JDS 18636 b For purposes of this definition, an EISA shall be treated as a credit, within the meaning of that term under 15 U.S.C.
An "EISA payment" is required only for income earned during an EISA payment period in which the consumer's income was equal to or greater than the income SB1537 Engrossed - 12 - LRB104 08584 JDS 18636 b threshold.
An "EISA payment" is required only for income earned during an EISA payment period in which the consumer's income was equal to or greater than the income SB1537 Enrolled - 12 - LRB104 08584 JDS 18636 b threshold.
This definition does not apply to an entity that either SB1537 Engrossed - 13 - LRB104 08584 JDS 18636 b (i) has no direct interactions with the consumer and is not responsible for making credit decisions regarding the consumer or (ii) is the provider of the educational services to the consumer, unless the entity qualifies under paragraph (1), (2), or (3).
This definition does not apply to an entity that either SB1537 Enrolled - 13 - LRB104 08584 JDS 18636 b (i) has no direct interactions with the consumer and is not responsible for making credit decisions regarding the consumer or (ii) is the provider of the educational services to the consumer, unless the entity qualifies under paragraph (1), (2), or (3).
"Sales price" means the "total sale price" as set forth in SB1537 Engrossed - 14 - LRB104 08584 JDS 18636 b 12 CFR 1026.18(j).
"Sales price" means the "total sale price" as set forth in SB1537 Enrolled - 14 - LRB104 08584 JDS 18636 b 12 CFR 1026.18(j).
For the purposes of calculating the portion of a student's future income that would be consumed by the EISA for which the student has applied and other EISAs and education SB1537 Engrossed - 15 - LRB104 08584 JDS 18636 b loans known at the time, the EISA provider shall calculate the aggregate future burden of all such obligations, including the EISA for which the student is applying, at the hypothetical future income levels described in subdivision (a)(15)(iii) of Section 7-75, ranging from the income threshold of the EISA for which the student has applied up to the maximum income described in subdivision (a)(15)(iii) of Section 7-75.
For the purposes of calculating the portion of a student's future income that would be consumed by the EISA for which the student has applied and other EISAs and education SB1537 Enrolled - 15 - LRB104 08584 JDS 18636 b loans known at the time, the EISA provider shall calculate the aggregate future burden of all such obligations, including the EISA for which the student is applying, at the hypothetical future income levels described in subdivision (a)(15)(iii) of Section 7-75, ranging from the income threshold of the EISA for which the student has applied up to the maximum income described in subdivision (a)(15)(iii) of Section 7-75.
For students enrolled in a program eligible to receive federal student loans under Title IV of the federal Higher Education Act of 1965, as part of this analysis the EISA provider shall assume a federal loan balance equal to the larger of (1) the student's existing federal loan balance and (2) the aggregate maximum amount the student is eligible to borrow under Federal SB1537 Engrossed - 16 - LRB104 08584 JDS 18636 b Direct Stafford Loans for the student's status, dependent or independent.
For students enrolled in a program eligible to receive federal student loans under Title IV of the federal Higher Education Act of 1965, as part of this analysis the EISA provider shall assume a federal loan balance equal to the larger of (1) the student's existing federal loan balance and (2) the aggregate maximum amount the student is eligible to borrow under Federal SB1537 Enrolled - 16 - LRB104 08584 JDS 18636 b Direct Stafford Loans for the student's status, dependent or independent.
Office SB1537 Engrossed - 17 - LRB104 08584 JDS 18636 b of Personnel Management for the locality pay area in which the consumer resides, divided by (ii) one plus the current locality payment percentage issued by the U.S.
Office SB1537 Enrolled - 17 - LRB104 08584 JDS 18636 b of Personnel Management for the locality pay area in which the consumer resides, divided by (ii) one plus the current locality payment percentage issued by the U.S.
An EISA must specify that the maximum amount that a consumer could be required to pay under the EISA will not result in a consumer ever being required to pay an effective annual percentage rate that is greater than 9% or the high yield of SB1537 Engrossed - 18 - LRB104 08584 JDS 18636 b the 10-year United States Constant Maturity Treasury Notes auctioned at the final auction held before the current calendar year in which the EISA is originated plus 6%, whichever is greater.
An EISA must specify that the maximum amount that a consumer could be required to pay under the EISA will not result in a consumer ever being required to pay an effective annual percentage rate that is greater than 9% or the high yield of SB1537 Enrolled - 18 - LRB104 08584 JDS 18636 b the 10-year United States Constant Maturity Treasury Notes auctioned at the final auction held before the current calendar year in which the EISA is originated plus 6%, whichever is greater.
(a) An EISA provider may not contract for EISA terms that would result in a consumer having income that is less than or equal to 450% of the federal poverty guidelines for a single person for the EISA duration being required to make a stream of EISA payments that would yield an effective APR greater than SB1537 Engrossed - 19 - LRB104 08584 JDS 18636 b 8.5%, or the high yield of the 10-year United States Constant Maturity Treasury Notes auctioned at the final auction held before the current calendar year in which an EISA offering is made plus 4.5%, whichever is greater.
(a) An EISA provider may not contract for EISA terms that would result in a consumer having income that is less than or equal to 450% of the federal poverty guidelines for a single person for the EISA duration being required to make a stream of EISA payments that would yield an effective APR greater than SB1537 Enrolled - 19 - LRB104 08584 JDS 18636 b 8.5%, or the high yield of the 10-year United States Constant Maturity Treasury Notes auctioned at the final auction held before the current calendar year in which an EISA offering is made plus 4.5%, whichever is greater.
(1) the income of the consumer's spouse, children, or dependents or a party to a civil union with the consumer SB1537 Engrossed - 20 - LRB104 08584 JDS 18636 b under the Illinois Religious Freedom and Civil Union Act;
(1) the income of the consumer's spouse, children, or dependents or a party to a civil union with the consumer SB1537 Enrolled - 20 - LRB104 08584 JDS 18636 b under the Illinois Religious Freedom and Civil Union Act;
SB1537 Engrossed - 21 - LRB104 08584 JDS 18636 b (110 ILCS 992/7-35 new) Sec.
SB1537 Enrolled - 21 - LRB104 08584 JDS 18636 b (110 ILCS 992/7-35 new) Sec.
In determining whether to authorize a charge, the SB1537 Engrossed - 22 - LRB104 08584 JDS 18636 b Secretary shall consider whether the charge benefits the consumer and is reasonable.
In determining whether to authorize a charge, the SB1537 Enrolled - 22 - LRB104 08584 JDS 18636 b Secretary shall consider whether the charge benefits the consumer and is reasonable.
SB1537 Engrossed - 23 - LRB104 08584 JDS 18636 b (110 ILCS 992/7-45 new) Sec.
SB1537 Enrolled - 23 - LRB104 08584 JDS 18636 b (110 ILCS 992/7-45 new) Sec.
Nothing in this Section shall prevent an EISA SB1537 Engrossed - 24 - LRB104 08584 JDS 18636 b provider from calculating a projected future income for a consumer and calculating a consumer's payment obligation using that projection if the consumer does not provide contractually obligated documentation of income.
Nothing in this Section shall prevent an EISA SB1537 Enrolled - 24 - LRB104 08584 JDS 18636 b provider from calculating a projected future income for a consumer and calculating a consumer's payment obligation using that projection if the consumer does not provide contractually obligated documentation of income.
SB1537 Engrossed - 25 - LRB104 08584 JDS 18636 b (b) A sale of unpaid earnings made in consideration of the payment of money to or for the account of the seller of the earnings is deemed to be a loan to the seller secured by an assignment of earnings.
SB1537 Enrolled - 25 - LRB104 08584 JDS 18636 b (b) A sale of unpaid earnings made in consideration of the payment of money to or for the account of the seller of the earnings is deemed to be a loan to the seller secured by an assignment of earnings.
SB1537 Engrossed - 26 - LRB104 08584 JDS 18636 b (4) the EISA payment calculation method, including any percentages used in the EISA payment calculation method, which shall be rounded to the nearest one-hundredth of 1% if the percentage is not a whole number;
SB1537 Enrolled - 26 - LRB104 08584 JDS 18636 b (4) the EISA payment calculation method, including any percentages used in the EISA payment calculation method, which shall be rounded to the nearest one-hundredth of 1% if the percentage is not a whole number;
SB1537 Engrossed - 27 - LRB104 08584 JDS 18636 b (12) an itemization of any permissible fees associated with the EISA;
SB1537 Enrolled - 27 - LRB104 08584 JDS 18636 b (12) an itemization of any permissible fees associated with the EISA;
(15) a table that displays the dollar amounts of each payment, the number of payments, the effective annual percentage rate, and the total of all payments that a consumer would be required to pay under the EISA at a range of annual income levels based on the EISA duration and that includes a statement that "This comparison table is for illustrative purposes only and may not reflect the amounts that you are likely to pay under this educational SB1537 Engrossed - 28 - LRB104 08584 JDS 18636 b income share agreement.
(15) a table that displays the dollar amounts of each payment, the number of payments, the effective annual percentage rate, and the total of all payments that a consumer would be required to pay under the EISA at a range of annual income levels based on the EISA duration and that includes a statement that "This comparison table is for illustrative purposes only and may not reflect the amounts that you are likely to pay under this educational SB1537 Enrolled - 28 - LRB104 08584 JDS 18636 b income share agreement.
(i) may be more or less than the amount financed by SB1537 Engrossed - 29 - LRB104 08584 JDS 18636 b the EISA provider;
(i) may be more or less than the amount financed by SB1537 Enrolled - 29 - LRB104 08584 JDS 18636 b the EISA provider;
1650(e), as SB1537 Engrossed - 30 - LRB104 08584 JDS 18636 b it may be amended or interpreted.
1650(e), as SB1537 Enrolled - 30 - LRB104 08584 JDS 18636 b it may be amended or interpreted.
SB1537 Engrossed - 31 - LRB104 08584 JDS 18636 b (3) contacting the Department of Revenue or the Internal Revenue Service to obtain the most recent information available about the student's income;
SB1537 Enrolled - 31 - LRB104 08584 JDS 18636 b (3) contacting the Department of Revenue or the Internal Revenue Service to obtain the most recent information available about the student's income;
if the consumer provides income information more than one year after the EISA provider first assigned income to the consumer's EISA, then the EISA provider may, but is not SB1537 Engrossed - 32 - LRB104 08584 JDS 18636 b obligated to, update each prior instance in which assigned income was applied using the income information provided by the consumer.
if the consumer provides income information more than one year after the EISA provider first assigned income to the consumer's EISA, then the EISA provider may, but is not SB1537 Enrolled - 32 - LRB104 08584 JDS 18636 b obligated to, update each prior instance in which assigned income was applied using the income information provided by the consumer.
(110 ILCS 992/7-95 new) SB1537 Engrossed - 33 - LRB104 08584 JDS 18636 b Sec.
(110 ILCS 992/7-95 new) SB1537 Enrolled - 33 - LRB104 08584 JDS 18636 b Sec.
If a revision of the index changes the reference base index, a revised reference base index shall be SB1537 Engrossed - 34 - LRB104 08584 JDS 18636 b determined by multiplying the reference base index then applicable by the rebasing factor furnished by the Bureau of Labor Statistics.
If a revision of the index changes the reference base index, a revised reference base index shall be SB1537 Enrolled - 34 - LRB104 08584 JDS 18636 b determined by multiplying the reference base index then applicable by the rebasing factor furnished by the Bureau of Labor Statistics.
No part of this Act shall be construed to be impliedly repealed by subsequent law if that construction can SB1537 Engrossed - 35 - LRB104 08584 JDS 18636 b reasonably be avoided.
No part of this Act shall be construed to be impliedly repealed by subsequent law if that construction can SB1537 Enrolled - 35 - LRB104 08584 JDS 18636 b reasonably be avoided.
(110 ILCS 992/25-5) SB1537 Engrossed - 36 - LRB104 08584 JDS 18636 b Sec.
(110 ILCS 992/25-5) SB1537 Enrolled - 36 - LRB104 08584 JDS 18636 b Sec.
For the purpose of this Section, "affiliate" means any person or entity that directly or indirectly controls, is controlled by, SB1537 Engrossed - 37 - LRB104 08584 JDS 18636 b or shares control with another person or entity.
For the purpose of this Section, "affiliate" means any person or entity that directly or indirectly controls, is controlled by, SB1537 Enrolled - 37 - LRB104 08584 JDS 18636 b or shares control with another person or entity.
The maximum rate of interest that may lawfully be SB1537 Engrossed - 38 - LRB104 08584 JDS 18636 b contracted for is determined by the law applicable thereto at the time the contract is made.
The maximum rate of interest that may lawfully be SB1537 Enrolled - 38 - LRB104 08584 JDS 18636 b contracted for is determined by the law applicable thereto at the time the contract is made.
It is lawful to charge, contract for, and receive any rate or amount of interest or compensation, except as otherwise provided in the SB1537 Engrossed - 39 - LRB104 08584 JDS 18636 b Predatory Loan Prevention Act, with respect to the following transactions:
It is lawful to charge, contract for, and receive any rate or amount of interest or compensation, except as otherwise provided in the SB1537 Enrolled - 39 - LRB104 08584 JDS 18636 b Predatory Loan Prevention Act, with respect to the following transactions:
and provided further that a loan which otherwise qualifies as a business loan within the meaning of this subsection shall not be deemed as not so qualifying because of the SB1537 Engrossed - 40 - LRB104 08584 JDS 18636 b inclusion, with other security consisting of business assets of any such obligor, of real estate occupied by an individual obligor solely as his residence.
and provided further that a loan which otherwise qualifies as a business loan within the meaning of this subsection shall not be deemed as not so qualifying because of the SB1537 Enrolled - 40 - LRB104 08584 JDS 18636 b inclusion, with other security consisting of business assets of any such obligor, of real estate occupied by an individual obligor solely as his residence.
Show all 48 changed rows (8 more)
Previous
Latest
(g) Interest charged by a broker or dealer registered under the Securities Exchange Act of 1934, as amended, or registered under the Illinois Securities Law of 1953, approved July 13, 1953, as now or hereafter amended, on a debit balance in an account for a customer if such debit balance is payable at will without penalty and is secured SB1537 Engrossed - 41 - LRB104 08584 JDS 18636 b by securities as defined in Uniform Commercial Code-Investment Securities;
(g) Interest charged by a broker or dealer registered under the Securities Exchange Act of 1934, as amended, or registered under the Illinois Securities Law of 1953, approved July 13, 1953, as now or hereafter amended, on a debit balance in an account for a customer if such debit balance is payable at will without penalty and is secured SB1537 Enrolled - 41 - LRB104 08584 JDS 18636 b by securities as defined in Uniform Commercial Code-Investment Securities;
(k) Written contracts, agreements or bonds for deed providing for installment purchase of real estate, including a manufactured home as defined in subdivision SB1537 Engrossed - 42 - LRB104 08584 JDS 18636 b (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act;
(k) Written contracts, agreements or bonds for deed providing for installment purchase of real estate, including a manufactured home as defined in subdivision SB1537 Enrolled - 42 - LRB104 08584 JDS 18636 b (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act;
(a) Whenever the rate of interest exceeds an annual percentage rate of 8% on any written contract, agreement SB1537 Engrossed - 43 - LRB104 08584 JDS 18636 b or bond for deed providing for the installment purchase of residential real estate, or on any loan secured by a mortgage on residential real estate, it shall be unlawful to provide for a prepayment penalty or other charge for prepayment.
(a) Whenever the rate of interest exceeds an annual percentage rate of 8% on any written contract, agreement SB1537 Enrolled - 43 - LRB104 08584 JDS 18636 b or bond for deed providing for the installment purchase of residential real estate, or on any loan secured by a mortgage on residential real estate, it shall be unlawful to provide for a prepayment penalty or other charge for prepayment.
(3) In any contract or loan which is secured by a mortgage, deed of trust, or conveyance in the nature of a mortgage, on residential real estate, the interest which is computed, SB1537 Engrossed - 44 - LRB104 08584 JDS 18636 b calculated, charged, or collected pursuant to such contract or loan, or pursuant to any regulation or rule promulgated pursuant to this Act, may not be computed, calculated, charged or collected for any period of time occurring after the date on which the total indebtedness, with the exception of late payment penalties, is paid in full.
(3) In any contract or loan which is secured by a mortgage, deed of trust, or conveyance in the nature of a mortgage, on residential real estate, the interest which is computed, SB1537 Enrolled - 44 - LRB104 08584 JDS 18636 b calculated, charged, or collected pursuant to such contract or loan, or pursuant to any regulation or rule promulgated pursuant to this Act, may not be computed, calculated, charged or collected for any period of time occurring after the date on which the total indebtedness, with the exception of late payment penalties, is paid in full.
The lender shall refund to the borrower any interest charged or collected which exceeds that which the SB1537 Engrossed - 45 - LRB104 08584 JDS 18636 b lender may charge or collect pursuant to the preceding sentence.
The lender shall refund to the borrower any interest charged or collected which exceeds that which the SB1537 Enrolled - 45 - LRB104 08584 JDS 18636 b lender may charge or collect pursuant to the preceding sentence.
SB1537 Engrossed - 46 - LRB104 08584 JDS 18636 b Section 99.
SB1537 Enrolled - 46 - LRB104 08584 JDS 18636 b Section 99.
SB1537 Engrossed - 47 - LRB104 08584 JDS 18636 b INDEX Statutes amended in order of appearance 110 ILCS 992/1-5 110 ILCS 992/Art.
SB1537 Enrolled - 47 - LRB104 08584 JDS 18636 b INDEX Statutes amended in order of appearance 110 ILCS 992/1-5 110 ILCS 992/Art.
7 heading new 110 ILCS 992/7-1 new 110 ILCS 992/7-3 new 110 ILCS 992/7-5 new 110 ILCS 992/7-10 new 110 ILCS 992/7-15 new 110 ILCS 992/7-20 new 110 ILCS 992/7-25 new 110 ILCS 992/7-30 new 110 ILCS 992/7-35 new 110 ILCS 992/7-40 new 110 ILCS 992/7-45 new 110 ILCS 992/7-50 new 110 ILCS 992/7-55 new 110 ILCS 992/7-60 new 110 ILCS 992/7-65 new 110 ILCS 992/7-70 new 110 ILCS 992/7-75 new 110 ILCS 992/7-80 new 110 ILCS 992/7-85 new 110 ILCS 992/7-90 new SB1537 Engrossed - 48 - LRB104 08584 JDS 18636 b 110 ILCS 992/7-95 new 110 ILCS 992/7-100 new 110 ILCS 992/7-105 new 110 ILCS 992/7-110 new 110 ILCS 992/25-5 205 ILCS 670/1 from Ch.
7 heading new 110 ILCS 992/7-1 new 110 ILCS 992/7-3 new 110 ILCS 992/7-5 new 110 ILCS 992/7-10 new 110 ILCS 992/7-15 new 110 ILCS 992/7-20 new 110 ILCS 992/7-25 new 110 ILCS 992/7-30 new 110 ILCS 992/7-35 new 110 ILCS 992/7-40 new 110 ILCS 992/7-45 new 110 ILCS 992/7-50 new 110 ILCS 992/7-55 new 110 ILCS 992/7-60 new 110 ILCS 992/7-65 new 110 ILCS 992/7-70 new 110 ILCS 992/7-75 new 110 ILCS 992/7-80 new 110 ILCS 992/7-85 new 110 ILCS 992/7-90 new SB1537 Enrolled - 48 - LRB104 08584 JDS 18636 b 110 ILCS 992/7-95 new 110 ILCS 992/7-100 new 110 ILCS 992/7-105 new 110 ILCS 992/7-110 new 110 ILCS 992/25-5 205 ILCS 670/1 from Ch.
⬇ Download PDF
View plain text versions (3)

Amendments

2 amendments

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Public Act . . . . . . . . . 104-0383

  2. Effective Date August 15, 2025

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 114-000-000

  7. Added Alternate Co-Sponsor Rep. Kevin Schmidt

  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 Financial Institutions and Licensing Committee; 012-000-000

  12. Assigned to Financial Institutions and Licensing Committee

  13. Added Alternate Co-Sponsor Rep. Katie Stuart

  14. Referred to Rules Committee

  15. First Reading

  16. Added as Co-Sponsor Sen. Kimberly A. Lightford

  17. Chief House Sponsor Rep. Maurice A. West, II

  18. Arrived in House

  19. Third Reading - Passed; 055-000-000

  20. Placed on Calendar Order of 3rd Reading

  21. Senate Floor Amendment No. 2 Adopted; Sims

  22. Recalled to Second Reading

  23. Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 012-000-000

  24. Senate Floor Amendment No. 2 Assignments Refers to Executive

  25. Senate Floor Amendment No. 2 Referred to Assignments

  26. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Elgie R. Sims, Jr.

  27. Placed on Calendar Order of 3rd Reading April 1, 2025

  28. Second Reading

  29. Placed on Calendar Order of 2nd Reading March 20, 2025

  30. Do Pass as Amended Executive; 011-000-000

  31. Senate Committee Amendment No. 1 Adopted

  32. Added as Co-Sponsor Sen. Mattie Hunter

  33. Added as Co-Sponsor Sen. Bill Cunningham

  34. Senate Committee Amendment No. 1 Assignments Refers to Executive

  35. Senate Committee Amendment No. 1 Referred to Assignments

  36. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.

  37. Assigned to Executive

  38. Referred to Assignments

  39. First Reading

  40. Filed with Secretary by Sen. Elgie R. Sims, Jr.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

2 sponsors · 5 co-sponsors · 176 not signed on

Sponsors (2)

Co-sponsors (5)

Not signed on (176)

176 members have not signed on to this bill.

Show all 176 →

"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 114 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Democrat 66003
Republican 38001
Unaffiliated 9000
Total 113004
% of votes cast 97%0%0%3%
How each member voted (117)
Member Party Vote
Stava-Murray — Yea
Costa Howard — Yea
Du Buclet — Yea
Faver Dias — Yea
Hernandez, Lisa — Yea
Katz Muhl — Yea
La Ha — Yea
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
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 Yea
Fred Crespo Democrat Yea
Gregg Johnson Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Yea
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 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 Yea
Margaret Croke Democrat Yea
Martha Deuter Democrat Yea
Martin J. Moylan 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 Yea
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Not Voting
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 Not Voting
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 Not Voting
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Yea
Amy Elik Republican Yea
Amy L. Grant Republican Yea
Blaine Wilhour Republican Yea
Brad Halbrook Republican Yea
Brad Stephens Republican Yea
Bradley Fritts Republican Yea
Brandun Schweizer Republican Yea
Charles Meier Republican Yea
Chris Miller Republican Yea
Christopher "C.D." Davidsmeyer Republican Yea
Dan Swanson Republican Yea
Daniel J. Ugaste Republican Yea
Dave Severin Republican Yea
David Friess Republican Yea
Dennis Tipsword Republican Yea
Jackie Haas Republican Yea
Jason R. Bunting Republican Yea
Jed Davis Republican Yea
Jeff Keicher Republican Yea
Jennifer Sanalitro Republican Yea
Joe C. Sosnowski Republican Yea
John M. Cabello Republican Not Voting
Kevin Schmidt Republican Yea
Kyle Moore Republican Yea
Martin McLaughlin Republican Yea
Michael J. Coffey, Jr. Republican Yea
Norine K. Hammond Republican Yea
Patrick Sheehan Republican Yea
Patrick Windhorst Republican Yea
Paul Jacobs Republican Yea
Regan Deering Republican Yea
Ryan Spain Republican Yea
Steven Reick Republican Yea
Tom Weber Republican Yea
Tony M. McCombie Republican Yea
Travis Weaver Republican Yea
Wayne A. Rosenthal Republican Yea
William E Hauter Republican Yea

Official roll call →

Financial Institutions & Licensing

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 4000
Democrat 8000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Daniel Didech Democrat Yea
Eva-Dina Delgado Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jawaharial Williams Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Margaret Croke Democrat Yea
Natalie A. Manley Democrat Yea
Rita Mayfield Democrat Yea
Christopher "C.D." Davidsmeyer Republican Yea
Daniel J. Ugaste Republican Yea
Michael J. Coffey, Jr. Republican Yea
Ryan Spain Republican Yea

Official roll call →

Third Reading

Passed 55 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 3000
Democrat 33003
Republican 18001
Total 54004
% of votes cast 93%0%0%7%
How each member voted (58)
Member Party Vote
Simmons — Yea
Glowiak Hilton — Yea
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 Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Not Voting
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 Yea
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 Not Voting
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Not Voting
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 Yea
Chapin Rose Republican Yea
Chris Balkema Republican Yea
Craig Wilcox Republican Yea
Dale Fowler Republican Yea
Darby A. Hills Republican Yea
Dave Syverson Republican Not Voting
Donald P. DeWitte Republican Yea
Erica Harriss Republican Yea
Jason Plummer Republican Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Li Arellano, Jr. Republican Yea
Neil Anderson Republican Yea
Sally J. Turner Republican Yea
Seth Lewis Republican Yea
Steve McClure Republican Yea
Sue Rezin Republican Yea
Terri Bryant Republican Yea

Official roll call →

Executive, Amendment 2

Passed 12 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 8001
Republican 4000
Total 12001
% of votes cast 92%0%0%8%
How each member voted (13)
Member Party Vote
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Kimberly A. Lightford Democrat Not Voting
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Napoleon Harris III Democrat Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Yea
Sue Rezin Republican Yea

Official roll call →

Executive

Passed 11 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 9000
Republican 2002
Total 11002
% of votes cast 85%0%0%15%
How each member voted (13)
Member Party Vote
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Kimberly A. Lightford Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Napoleon Harris III Democrat Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Not Voting
Sue Rezin Republican Not Voting

Official roll call →

Subjects

finance education
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

Who sponsors SB 1537?
SB 1537 is sponsored by Elgie R. Sims, Jr. (Democrat), Bill Cunningham (Democrat), Mattie Hunter (Democrat), Kimberly A. Lightford (Democrat), Maurice A. West, II (Democrat), Katie Stuart (Democrat), and Kevin Schmidt (Republican).
What is the current status of SB 1537?
This bill has been enacted into law. Introduced February 04, 2025. Enacted.
Where can I track SB 1537?
Track SB 1537 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1537

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1537

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →