REGULATION-COLLATERAL RECOVERY Senate SponsorsSen. Mike Jacobs-Todd Sieben 1/9/2007SenateSession Sine Die New ActCreates the Collateral Recovery Act. Provides for the licensure of repossession agencies, the certification of recovery managers, and the registration of repossession agency employees. Establishes the Illinois Repossession and Recovery Board. Grants rulemaking authority to the Department of Financial and Professional Regulation. Sets forth provisions concerning qualifications, application, examination, assignment, insurance requirements, and administrative proceedings. Prohibits recovery work on a contingency basis. 10/26/2005SenateFiled with Secretary by Sen. Mike Jacobs 10/26/2005SenateFirst Reading 10/26/2005SenateReferred to Rules 1/12/2006SenateAssigned to Licensed Activities 1/18/2006SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Mike Jacobs 1/18/2006SenateSenate Committee Amendment No. 1 Referred to Rules 1/19/2006SenateAdded as Chief Co-Sponsor Sen. Todd Sieben 1/31/2006SenateSenate Committee Amendment No. 1 Rules Refers to Licensed Activities 1/31/2006SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Mike Jacobs 1/31/2006SenateSenate Committee Amendment No. 2 Referred to Rules 2/1/2006SenateSenate Committee Amendment No. 2 Rules Refers to Licensed Activities 2/1/2006SenateSenate Committee Amendment No. 1 Held in Licensed Activities 2/1/2006SenateSenate Committee Amendment No. 2 Held in Licensed Activities 2/1/2006SenateHeld in Licensed Activities 2/7/2006SenateSenate Committee Amendment No. 3 Filed with Secretary by Sen. Mike Jacobs 2/7/2006SenateSenate Committee Amendment No. 3 Referred to Rules 2/8/2006SenateSenate Committee Amendment No. 4 Filed with Secretary by Sen. Mike Jacobs 2/8/2006SenateSenate Committee Amendment No. 4 Referred to Rules 2/8/2006SenateSenate Committee Amendment No. 3 Rules Refers to Licensed Activities 2/8/2006SenateSenate Committee Amendment No. 4 Rules Refers to Licensed Activities 2/8/2006SenateSenate Committee Amendment No. 5 Filed with Secretary by Sen. Mike Jacobs 2/8/2006SenateSenate Committee Amendment No. 5 Referred to Rules 2/8/2006SenateSenate Committee Amendment No. 1 Held in Licensed Activities 2/8/2006SenateSenate Committee Amendment No. 2 Held in Licensed Activities 2/8/2006SenateSenate Committee Amendment No. 3 Held in Licensed Activities 2/8/2006SenateSenate Committee Amendment No. 4 Held in Licensed Activities 2/8/2006SenateHeld in Licensed Activities 2/10/2006SenateSenate Committee Amendment No. 6 Filed with Secretary by Sen. Mike Jacobs 2/10/2006SenateSenate Committee Amendment No. 6 Referred to Rules 2/14/2006SenateSenate Committee Amendment No. 6 Rules Refers to Licensed Activities 2/15/2006SenateSenate Committee Amendment No. 7 Filed with Secretary by Sen. Mike Jacobs 2/15/2006SenateSenate Committee Amendment No. 7 Referred to Rules 2/16/2006SenateSenate Committee Amendment No. 1 Held in Licensed Activities 2/16/2006SenateSenate Committee Amendment No. 2 Held in Licensed Activities 2/16/2006SenateSenate Committee Amendment No. 3 Held in Licensed Activities 2/16/2006SenateSenate Committee Amendment No. 4 Held in Licensed Activities 2/16/2006SenateSenate Committee Amendment No. 6 Held in Licensed Activities 2/16/2006SenateDo Pass Licensed Activities; 005-002-001 2/16/2006SenatePlaced on Calendar Order of 2nd Reading February 22, 2006 2/17/2006SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules 2/17/2006SenateSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Rules 2/17/2006SenateSenate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Rules 2/17/2006SenateSenate Committee Amendment No. 4 Rule 3-9(a) / Re-referred to Rules 2/17/2006SenateSenate Committee Amendment No. 6 Rule 3-9(a) / Re-referred to Rules 6/4/2006SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/9/2007SenateSession Sine Die