<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4991   </title>
<shortdesc>DEBT-MANAGEMENT SERVICES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. John A. Fritchey-Angelo Saviano</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-26</reference><aliasreference></aliasreference><reference>805 ILCS 105/103.05</reference><aliasreference>from Ch. 32, par. 103.05</aliasreference><reference>205 ILCS 665/Act rep.</reference><aliasreference></aliasreference><SynopsisText>     Creates the Uniform Debt-Management Services Act. Requires any person that provides, offers, or agrees to provide debt-management services, directly or through others, to register under the Act. Sets forth provisions concerning: applications for registration; issuance or denial of a certificate of registration; renewal of registration; registration in other states; bond requirements; good faith; customer service; prerequisites for providing debt-management services; agreements between providers and consumers; trust accounts; fees and other charges; prohibited acts and practices; notice of litigation; advertising; liability; the powers of the Director of the Division of Financial Institutions of the Department of Financial and Professional Regulation as Administrator under the Act; and other provisions. Exempts certain agreements and persons from the provisions of the Act. Repeals the Debt Management Service Act. Amends the State Finance Act and the General Not For Profit Corporation Act of 1986 to make corresponding changes. Effective January 1, 2007.</SynopsisText><synopsistitle>Fiscal Note (Dept. of Financial &amp; Professional Regulation)</synopsistitle>
<SynopsisText>Costs account for 4 headcount: (1) PSA, (2) Office Associates, (1) Financial Institutions Examiner 1, and other operations. Total: $359,505.</SynopsisText></synopsis>
<actions>
<statusdate>1/23/2006</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. John A. Fritchey</action>
<statusdate>1/23/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/23/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/26/2006</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Angelo Saviano</action>
<statusdate>1/31/2006</statusdate><chamber>House</chamber><action>Assigned to Consumer Protection Committee</action>
<statusdate>2/14/2006</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Consumer Protection Committee;  013-000-000</action>
<statusdate>2/14/2006</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>2/28/2006</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>2/28/2006</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>3/1/2006</statusdate><chamber>House</chamber><action>Fiscal Note Filed</action>
<statusdate>3/3/2006</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

