Illinois 96th Regular Session Status: Passed Senate 1 D cosponsors

SB 3322 — NON-RECOURSE CIV LIT FUND ACT

Last action — Session Sine Die

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

This bill died with 96th Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. Contains provisions concerning the dispute of contracts. Provides that each non-recourse civil litigation funding company shall adhere to specified best practices. Contains provisions concerning (1) the sale and assignment of proceeds of legal claims and (2) the requirements for non-recourse civil litigation funding companies by the Department of Financial and Professional Regulation. Provides that the Department shall maintain a list of all non-recourse civil litigation funding companies. Contains provisions concerning the power of the Department to issue cease and desist orders. Specifies penalties for violation of the Act. Contains provisions concerning judicial review and application of the Act. Amends the Consumer Installment Loan Act to exclude non-recourse civil litigation funding. Contains a severability clause. Effective immediately.

Bill Text

What changed in the latest version

213 added · 254 removed

Plain-language change summary

The latest version of Bill SB 3322 introduces specific requirements for contracts related to non-recourse civil litigation funding. It now mandates that consumers acknowledge they cannot use the funds they receive for litigation costs and that they must inform their attorney about the funding arrangement. This change is important because it aims to ensure that consumers understand the terms of their funding and protect their legal interests by keeping their attorneys informed of any financial transactions related to their case.

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*LRB09617078MJR32399b* SB3322 96TH GENERAL ASSEMBLY State of Illinois and 2010 SB3322 Introduced 2/10/2010, by Sen.
SB3322 Engrossed LRB096 17078 MJR 32399 b AN ACT concerning regulation.
Don Harmon SYNOPSIS AS INTRODUCED:
New Act ILCS 670/21 from Ch.
17, par.
5427 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 funds, without penalty or further obligation.
Specifies the notice requirements for contracts.
Contains provisions concerning the dispute of contracts.
Provides that each non-recourse civil litigation funding company shall adhere to specified best practices.
Contains provisions concerning (1) the sale and assignment of proceeds of legal claims and (2) the requirements for non-recourse civil litigation funding companies by the Department of Financial and Professional Regulation.
Provides that the Department shall maintain a list of all non-recourse civil litigation funding companies.
Contains provisions concerning the power of the Department to issue cease and desist orders.
Specifies penalties for violation of the Act.
Contains provisions concerning judicial review and application of the Act.
Amends the Consumer Installment Loan Act to exclude non-recourse civil litigation funding.
Contains a severability clause.
Effective immediately.
LRB096 17078 MJR 32399 b CORRECTIONAL FISCAL NOTE ACT BUDGET AND MAY APPLY IMPACT NOTE ACT MAY APPLY A BILL FOR SB3322 LRB096 17078 MJR 32399 b AN ACT concerning regulation.
"Non-recourse civil litigation funding" means a transaction in which a civil litigation funding company purchases and a consumer assigns the contingent right to receive an amount of the potential proceeds of a settlement, judgment, award, or verdict obtained in the consumer's legal SB3322 - 2 - LRB096 17078 MJR 32399 b claim to the civil litigation funding company.
"Non-recourse civil litigation funding" means a transaction in which a civil litigation funding company purchases and a consumer assigns the contingent right to receive an amount of the potential proceeds of a settlement, judgment, award, or verdict obtained in the consumer's legal SB3322 Engrossed - 2 - LRB096 17078 MJR 32399 b claim to the civil litigation funding company.
(2) The contract shall provide that the consumer may cancel the contract within 5 business days following the consumer's receipt funds, without penalty or further obligation.
(2) 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.
The contract also shall specify that in order for the cancellation to be effective, the consumer must either return to the civil litigation funding company the full amount of SB3322 - 3 - LRB096 17078 MJR 32399 b disbursed funds by delivering the civil litigation funding company's uncashed check to the civil litigation company's offices in person within 5 business days after the disbursement of the funds or mail a notice of cancellation and include in that mailing a return of the full amount of disbursed funds in the form of the civil litigation funding company's uncashed check, or a registered or certified check or money order, by insured, registered, or certified United States mail, postmarked within 5 business days after the receipt of those funds from the civil litigation funding company, at the address specified in the contract for cancellation.
The contract also shall specify that in order for the cancellation to be effective, the consumer must either return to the civil litigation funding company the full amount of SB3322 Engrossed - 3 - LRB096 17078 MJR 32399 b disbursed funds by delivering the civil litigation funding company's uncashed check to the civil litigation company's offices in person within 5 business days after the disbursement of the funds or mail a notice of cancellation and include in that mailing a return of the full amount of disbursed funds in the form of the civil litigation funding company's uncashed check, or a registered or certified check or money order, by insured, registered, or certified United States mail, postmarked within 5 business days after the receipt of those funds from the civil litigation funding company, at the address specified in the contract for cancellation.
(Insert name of civil litigation funding company) agrees that it shall have no right to pursue the legal claim on behalf SB3322 - 4 - LRB096 17078 MJR 32399 b of or in lieu of the consumer.
(Insert name of civil litigation funding company) agrees that it shall have no right to pursue the legal claim on behalf SB3322 Engrossed - 4 - LRB096 17078 MJR 32399 b of or in lieu of the consumer.
You acknowledge that your attorney in the legal claim has provided no tax, public, or SB3322 - 5 - LRB096 17078 MJR 32399 b private benefit planning regarding this transaction.".
You acknowledge that your attorney in the legal claim has provided no tax, public, or SB3322 Engrossed - 5 - LRB096 17078 MJR 32399 b private benefit planning regarding this transaction.".
(6) The contract shall contain an acknowledgement by the consumer that he or she has reviewed the contract in its entirety.
The contract shall contain the following statement located above the signature line:
(7) The contract shall contain a written acknowledgment by the attorney representing the consumer in the legal claim that provides the following:
"The consumer understands and agrees that the funds received from this Non-Recourse Civil Litigation Funding shall not be used to pay for litigation costs related to the underlying Legal claim." (6) The contract for nonrecourse civil litigation funding shall contain a written acknowledgement by the consumer that he or she has reviewed the contract in its entirety, that he or she shall notify his or her current attorney and any successor attorneys representing him or her in the legal claim of the existence of the transaction and shall instruct the nonrecourse civil litigation funding company to provide the attorney with a copy of the contract.
(A) The attorney representing the consumer in the legal claim is being paid on a contingency basis per a written fee agreement.
Additionally, before obtaining any additional or subsequent nonrecourse civil litigation funding, the consumer will notify his or her attorney and receive prior written permission for such transaction from the prior civil litigation funding company.
(B) All proceeds of the legal claim will be disbursed via the trust account of the attorney representing the consumer in the legal claim or via a settlement fund established by the defendant in the legal claim to receive and distribute the proceeds of the legal claim on behalf of the consumer.
(C) The attorney representing the consumer in the legal claim has reviewed the contract and will follow the written instructions of the consumer provided to the attorney at the time the funds are obtained by the consumer from the civil litigation funding company with regard to remitting payment to the civil litigation funding company upon resolution of the legal claim.
Disputes.
Priorities.
If a dispute arises between the SB3322 - 6 - LRB096 17078 MJR 32399 b consumer and the civil litigation funding company concerning the contract for non-recourse civil litigation funding, then the responsibilities of the attorney representing the consumer in the legal claim shall be consistent with the attorney's responsibilities under the Illinois Rules of Professional Responsibility.
Any attorney's lien, Medicare lien, Medicaid lien, or health care provider lien against the consumer's legal claim shall take priority over any lien of the civil litigation funding company.
Section 20.
SB3322 Engrossed - 6 - LRB096 17078 MJR 32399 b Section 20.
Best practices.
Standards and practices.
Each civil litigation funding company shall adhere to the following best practices:
Each civil litigation funding company shall adhere to the following:
(1) The civil litigation funding company may not pay or offer to pay commissions or referral fees to any attorney or employee of a law firm or to any medical provider, chiropractor, or physical therapist or their employees for referring a consumer to the civil litigation funding company.
(1) The civil litigation funding company shall not pay or offer to pay commissions or referral fees to any attorney or employee of a law firm or to any medical provider, chiropractor, or physical therapist or their employees for referring a consumer to the civil litigation funding company.
(2) The civil litigation funding company may not advertise false or intentionally misleading information regarding its product or services.
(2) The civil litigation funding company shall not advertise false or intentionally misleading information regarding its product or services.
(3) The civil litigation funding company may not SB3322 - 7 - LRB096 17078 MJR 32399 b knowingly provide funding to a consumer who has previously sold and assigned an amount of his potential proceeds from his legal claim to another civil litigation funding company without first buying out that civil litigation funding company's entire accrued balance unless otherwise agreed in writing by the civil litigation funding companies and the consumer.
(3) The civil litigation funding company shall not knowingly provide funding to a consumer who has previously sold and assigned an amount of his potential proceeds from his legal claim to another civil litigation funding company without first purchasing that civil litigation funding company's entire accrued balance unless otherwise agreed in writing by the civil litigation funding companies and the consumer.
(4) The civil litigation funding company may not offer single premium credit life, disability, or unemployment insurance that is to be financed through a civil litigation funding transaction.
SB3322 Engrossed - 7 - LRB096 17078 MJR 32399 b (4) The civil litigation funding company shall not offer single premium credit life, disability, or unemployment insurance that is to be financed through a civil litigation funding transaction.
(5) For Spanish speaking consumers, upon the written request of the consumer, the principal terms of the contract must be translated in writing into Spanish, the consumer must sign the translated document containing the principal terms and initial each page, and the translator or lawyer must sign an affirmation confirming that the principal terms have been presented to the consumer in Spanish and acknowledged by the consumer.
(5) For non-English speaking consumers, upon the written request of the consumer, the principal terms of the contract must be translated in writing into the consumer's primary language, the consumer must sign the translated document containing the principal terms and initial each page, and the translator or lawyer must sign an affirmation confirming that the principal terms have been presented to the consumer in the consumer's primary language and acknowledged by the consumer.
The contingent right to receive an amount of the potential proceeds of a legal claim is assignable and that assignment is valid for the purposes of obtaining funding from SB3322 - 8 - LRB096 17078 MJR 32399 b a civil litigation funding company.
The contingent right to receive an amount of the potential proceeds of a legal claim is assignable and that assignment is valid for the purposes of obtaining funding from a civil litigation funding company.
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(a) It is unlawful to enter into a non-recourse civil litigation funding transaction unless the civil litigation funding company (i) is licensed by the Department in accordance with the licensure requirements of the Consumer Installment Loan Act, (ii) has received special authorization in the form of an Other Business Authorization for non-recourse civil litigation funding certificate from the Department, and (iii) complies with all Sections of this Act.
(a) It is unlawful to enter into a non-recourse civil litigation funding transaction unless the civil litigation funding company (i) is licensed by the Department in accordance SB3322 Engrossed - 8 - LRB096 17078 MJR 32399 b with the licensure requirements of the Consumer Installment Loan Act, (ii) has received special authorization in the form of an Other Business Authorization for non-recourse civil litigation funding certificate from the Department, and (iii) complies with all Sections of this Act.
SB3322 - 9 - LRB096 17078 MJR 32399 b Section 40.
Section 40.
This data must be submitted to the Department no later than February 15 of each year the civil litigation funding company does business in this State for the previous year of activity.
This data must SB3322 Engrossed - 9 - LRB096 17078 MJR 32399 b be submitted to the Department no later than February 15 of each year the civil litigation funding company does business in this State for the previous year of activity.
SB3322 - 10 - LRB096 17078 MJR 32399 b (a) The Department may issue a cease and desist order to any person doing business without the required license or to any licensee, who, in the opinion of the Department, is violating or is about to violate the best practices or licensure requirements of this Act.
(a) The Department may issue a cease and desist order to any person doing business without the required license or to any licensee, who, in the opinion of the Department, is violating or is about to violate the best practices or licensure requirements of this Act.
(b) The Department shall serve notice of its action, designated as a cease and desist order made pursuant to this Section, including a statement of the reasons for the action, either personally or by certified mail, return receipt requested.
(b) The Department shall serve notice of its action, designated as a cease and desist order made pursuant to this SB3322 Engrossed - 10 - LRB096 17078 MJR 32399 b Section, including a statement of the reasons for the action, either personally or by certified mail, return receipt requested.
(f) The powers vested in the Department by this Section are additional to any and all other powers and remedies vested in the Department by law, and nothing in this Section shall be construed as requiring that the Department shall employ the SB3322 - 11 - LRB096 17078 MJR 32399 b power conferred in this Section instead of or as a condition precedent to the exercise of any other power or remedy vested in the Department.
(f) The powers vested in the Department by this Section are additional to any and all other powers and remedies vested in the Department by law, and nothing in this Section shall be construed as requiring that the Department shall employ the power conferred in this Section instead of or as a condition precedent to the exercise of any other power or remedy vested in the Department.
(a) Any person who engages in business as a civil litigation funding company without the license required by this Act shall be guilty of a Class 4 felony.
(a) Any person who engages in business as a civil litigation funding company without the license required by this SB3322 Engrossed - 11 - LRB096 17078 MJR 32399 b Act shall be guilty of a Class 4 felony.
SB3322 - 12 - LRB096 17078 MJR 32399 b Section 55.
Section 55.
During the first 90 days after the effective date of this Act, any person who has applied for a license under this Act, or filed written notice of intention to apply for such license with the Department, and who has not been denied, shall be subject to all provisions of this Act and may engage in non-recourse litigation funding as if he were a licensee under this Act.
During the first 90 SB3322 Engrossed - 12 - LRB096 17078 MJR 32399 b days after the effective date of this Act, any person who has applied for a license under this Act, or filed written notice of intention to apply for such license with the Department, and who has not been denied, shall be subject to all provisions of this Act and may engage in non-recourse litigation funding as if he were a licensee under this Act.
This Act does not apply to any person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or of the United States relating to banks, SB3322 - 13 - LRB096 17078 MJR 32399 b savings and loan associations, savings banks, credit unions, or licensees under the Residential Mortgage License Act for residential mortgage loans made pursuant to that Act.
This Act does not apply to any person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or of the United States relating to banks, savings and loan associations, savings banks, credit unions, or licensees under the Residential Mortgage License Act for residential mortgage loans made pursuant to that Act.
12-6-05.) Section 970.
12-6-05.) SB3322 Engrossed - 13 - LRB096 17078 MJR 32399 b Section 970.
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Action History

  1. Session Sine Die

  2. Held on Calendar Order of Second Reading - Short Debate

  3. House Floor Amendment No. 2 Lost 028-087-001

  4. House Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 005-000-000

  5. House Floor Amendment No. 4 Referred to Rules Committee

  6. House Floor Amendment No. 4 Filed with Clerk by Rep. Lou Lang

  7. House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 005-000-000

  8. House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 011-005-000

  9. House Floor Amendment No. 3 Referred to Rules Committee

  10. House Floor Amendment No. 3 Filed with Clerk by Rep. Lou Lang

  11. House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee

  12. House Floor Amendment No. 2 Referred to Rules Committee

  13. House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang

  14. Held on Calendar Order of Second Reading - Short Debate

  15. Second Reading - Short Debate

  16. Placed on Calendar 2nd Reading - Short Debate

  17. Do Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 010-007-000

  18. House Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote

  19. House Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee

  20. Assigned to Judiciary I - Civil Law Committee

  21. Final Action Deadline Extended-9(b) January 11, 2011

  22. Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

  23. Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman

  24. Referred to Rules Committee

  25. First Reading

  26. Placed on Calendar Order of First Reading

  27. Chief House Sponsor Rep. Lou Lang

  28. Arrived in House

  29. Third Reading - Passed; 057-000-000

  30. Placed on Calendar Order of 3rd Reading

  31. Senate Floor Amendment No. 1 Adopted; Harmon

  32. Recalled to Second Reading

  33. Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 010-000-000

  34. Senate Floor Amendment No. 1 Assignments Refers to Judiciary

  35. Senate Floor Amendment No. 1 Referred to Assignments

  36. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon

  37. Placed on Calendar Order of 3rd Reading March 12, 2010

  38. Second Reading

  39. Placed on Calendar Order of 2nd Reading March 4, 2010

  40. Do Pass Judiciary; 008-000-000

  41. Assigned to Judiciary

  42. Referred to Assignments

  43. First Reading

  44. Filed with Secretary by Sen. Don Harmon

Sponsors

Sponsorship breakdown

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0 sponsors · 2 co-sponsors · 181 not signed on · 14 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, Amendment 2

Failed 28 Yea · 87 Nay · 3 Other
Party YeaNayPresentNot Voting
Democrat 4900
Unaffiliated 237303
Republican 1500
Total 288703
% of votes cast 24%74%0%3%
How each member voted (118)
Member Party Vote
Jefferson — Yea
Lang — Yea
Leitch — Nay
Madigan — Yea
May — Yea
McAuliffe — Nay
McGuire — Yea
McCarthy — Yea
Mell — Yea
Gordon, Careen — Yea
Hannig — Yea
Hernandez — Yea
Nekritz — Yea
Osterman — Yea
Ramey — Nay
Senger — Nay
Reitz — Nay
Sente — Nay
Lyons — Nay
Winters — Yea
Zalewski — Yea
Bradley — Nay
Brady — Nay
Currie — Yea
Dugan — Nay
Dunkin — Nay
Eddy — Nay
Farnham — Nay
Flider — Nay
Flowers — Nay
Fortner — Nay
Froehlich — Yea
Golar — Yea
Jakobsson — Yea
Kosel — Nay
Burke — Nay
Sullivan — Nay
Mitchell, Bill — Nay
Mendoza — Not Voting
Mitchell, Jerry — Nay
Gordon, Jehan — Nay
Moffitt — Nay
Mulligan — Not Voting
Phelps — Nay
Pihos — Nay
Harris — Nay
Sommer — Nay
Soto — Nay
Hays, Chad — Nay
Thapedi — Nay
Watson — Nay
Tryon — Nay
Turner — Nay
Verschoore — Nay
Wait — Nay
Howard — Nay
Yarbrough — Nay
Davis, Monique — Nay
Cavaletto — Nay
Coladipietro — Nay
Cole — Nay
Colvin — Nay
Connelly — Nay
Coulson — Nay
Cross — Nay
Cultra — Nay
D'Amico — Nay
Durkin — Not Voting
Franks — Nay
Hatcher — Nay
Holbrook — Nay
Jackson — Nay
O'Sullivan — Yea
Osmond — Nay
Poe — Nay
Pritchard — Nay
Reboletti — Nay
Reis — Nay
Riley — Nay
Sacia — Nay
Saviano — Nay
Schmitz — Nay
Acevedo — Nay
Arroyo — Nay
Bassi — Nay
Beaubien — Nay
Beiser — Nay
Bellock — Nay
Mathias — Nay
Berrios — Yea
Biggins — Nay
Mautino — Yea
Boland — Yea
Bost — Nay
Brauer — Nay
Burns — Yea
Carberry — Nay
McAsey — Nay
Chapa LaVia — Nay
Anthony DeLuca Democrat Nay
Camille Y. Lilly Democrat Yea
Fred Crespo Democrat Nay
Jay Hoffman Democrat Nay
La Shawn K. Ford Democrat Nay
Lakesia Collins Democrat Nay
Mark L. Walker Democrat Yea
Nicholas K. Smith Democrat Nay
Rita Mayfield Democrat Nay
Robert "Bob" Rita Democrat Nay
Robyn Gabel Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Nay
Brad Stephens Republican Nay
Chapin Rose Republican Nay
Chris Miller Republican Nay
Jil Tracy Republican Nay
Kyle Moore Republican Yea
Norine K. Hammond Republican Nay

Official roll call →

Third Reading

Passed 57 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 47002
Democrat 9000
Republican 1000
Total 57002
% of votes cast 97%0%0%3%
How each member voted (59)
Member Party Vote
Hendon — Yea
Hultgren — Yea
Hutchinson — Yea
Kotowski — Yea
Lauzen — Yea
Link — Yea
Luechtefeld — Yea
McCarter — Yea
Millner — Yea
Muñoz — Yea
Noland — Yea
Demuzio — Yea
Schoenberg — Yea
Jacobs — Yea
Silverstein — Yea
Steans — Yea
Trotter — Yea
Jones, J. — Yea
Viverito — Yea
Brady — Yea
Sullivan — Yea
Wilhelmi — Yea
Cullerton — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
Dillard — Yea
Duffy — Yea
Forby — Yea
Frerichs — Yea
Haine — Yea
Meeks — Not Voting
DeLeo — Yea
Pankau — Yea
Radogno — Yea
Raoul — Yea
Righter — Yea
Risinger — Yea
Rutherford — Not Voting
Sandoval — Yea
Maloney — Yea
Althoff — Yea
Martinez — Yea
Bivins — Yea
Bomke — Yea
Bond — Yea
Burzynski — Yea
Garrett — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Subjects

finance
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 3322 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. Contains provisions concerning the dispute of contracts. Provides that each non-recourse civil litigation funding company shall adhere to specified best practices. Contains provisions concerning (1) the sale and assignment of proceeds of legal claims and (2) the requirements for non-recourse civil litigation funding companies by the Department of Financial and Professional Regulation. Provides that the Department shall maintain a list of all non-recourse civil litigation funding companies. Contains provisions concerning the power of the Department to issue cease and desist orders. Specifies penalties for violation of the Act. Contains provisions concerning judicial review and application of the Act. Amends the Consumer Installment Loan Act to exclude non-recourse civil litigation funding. Contains a severability clause. Effective immediately.
Who sponsors SB 3322?
SB 3322 is sponsored by Don Harmon (Democrat) and Chapa LaVia.
What is the current status of SB 3322?
This bill died with 96th Regular Session. It reached “Passed Senate” 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 SB 3322?
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