All Roll Calls
Yes: 121 • No: 62
Sponsored By: Sponsor information unavailable
Became Law
Amends the Sales Finance Agency Act. Makes changes to defined terms. Provides that applicants for a license shall apply in a form prescribed by the Secretary of Financial and Professional Regulation. Prohibits any person, partnership, association, corporation, limited liability company, or other entity engaged in a business regulated by the Act from operating the business under a name other than the real names of the entity and individuals conducting the business. Grants the Secretary authority to issue a license upon completion of the specified filing and investigatory requirements. Sets forth further licensing requirements. Provides that all moneys received by the Secretary under the Act in conjunction with the provisions relating to sales finance agencies shall be paid into the Financial Institution Fund. Prohibits a sales finance agency from aiding or seeking to aid any person in the violation of the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act. Grants additional investigatory, disciplinary, and examination authority to the Secretary. Establishes rulemaking provisions. Grants the Department authority to adopt rules to provide for review within the Department of the Secretary's decisions affecting the rights of persons or entities under the Act. Allows the Secretary to request a circuit court to assess a civil penalty of up to $10,000 (rather than $1,000) for violations of the Act. Repeals various provisions of the Act. Makes other changes. Effective immediately.
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8 provisions identified: 3 benefits, 3 costs, 2 mixed.
To get or keep a license, you must keep at least $30,000 in net worth. You must also post and maintain a $50,000 surety bond, and the Secretary can require more. Fees include $1,000 to apply, $800 for the background check, and $300 each year to renew. Branch licenses cost $100 to open and $100 to renew. Exams are billed at $1,200 per examiner day, and you pay out‑of‑state travel and a share of admin costs. Licenses renew yearly; file 60 to 30 days before expiration or the license goes inactive.
The Secretary can suspend or revoke licenses, order restitution, and fine up to $25,000 per violation, or up to $75,000 for certain serious violations. Emergency suspensions can last up to 180 days. Licensees pay hearing costs. In court cases, the maximum civil penalty is now $1,000 per violation, down from $10,000. The Secretary may still seek costs and attorney fees.
Sales finance agencies cannot buy contracts that break Illinois retail‑installment laws or buy motor‑vehicle contracts from unlicensed sellers. Financing for dogs and cats is banned. Any such new loans are void, and agencies cannot collect principal, interest, or fees. People can sue for violations of this law. Courts may award attorney fees and costs to the person who wins.
Banks, credit unions, and similar depository institutions are not covered by this law. Purchasers in securitizations are exempt if a licensed agency keeps servicing and records. Special purpose vehicles run by a bank for securitizations are also exempt.
The law tightens licensing checks. You must list judgments and bankruptcies from the last 10 years and provide an audited balance sheet. The Secretary can use NMLS and obtain independent credit reports and civil, criminal, and administrative history. Your application must promise to report changes within 30 days and any judgment or bankruptcy within 5 days. You must show your license at each physical and digital location, and use your legal name or a properly registered assumed name. The Secretary may refuse or not renew if you are not compliant, continue a violator, or lack fitness. You cannot sue to collect pay for work that required a license unless you held a valid license the whole time.
The Secretary can examine you as often as needed. You must open your books and offices and you pay exam expenses. Keep transaction records for at least 2 years; offsite storage or third‑party servicing needs approval. Before closing or filing bankruptcy, give 10 days’ written notice, surrender your license (except in bankruptcy), and provide a plan to return customer titles and contracts. The Secretary can subpoena records and seek court orders to stop ads, freeze assets, or require bonds. The Secretary can issue cease‑and‑desist orders before a hearing. You can request a hearing within 15 days; the Department should schedule it within 30 days.
In hearings, a person’s financial information held by a licensee stays confidential. It is released only in the court review record or with the person’s written consent. Documents you submit to NMLS stay privileged and confidential. They are not public or usable in private lawsuits unless you waive the privilege. Regulators may share them under confidentiality agreements.
All money the Department collects under this law goes to the Financial Institution Fund. Program costs are paid from that fund. The Department can make consumer‑protection rules and must send them to licensees. It must also offer an internal review with an independent hearing officer and deadlines, and final decisions can go to court. The law repeals many old sections and replaces them with this updated structure.
There is no primary sponsor on record.
Laura Ellman
Affiliation unavailable
Margaret Croke
Affiliation unavailable
All Roll Calls
Yes: 121 • No: 62
Senate vote • 5/14/2026
Third Reading - Passed;
Yes: 36 • No: 19
House vote • 4/9/2026
Third Reading - Short Debate - Passed
Yes: 70 • No: 36
House vote • 3/24/2026
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee;
Yes: 8 • No: 4
House vote • 3/18/2026
Do Pass / Short Debate Financial Institutions and Licensing Committee;
Yes: 7 • No: 3
Public Act . . . . . . . . . 104-0516
Effective Date June 26, 2026
Governor Approved
Sent to the Governor
Passed Both Houses
Third Reading - Passed; 036-019-000
Placed on Calendar Order of 3rd Reading May 5, 2026
Second Reading
Placed on Calendar Order of 2nd Reading April 28, 2026
Approved for Consideration Assignments
Referred to Assignments
First Reading
Chief Senate Sponsor Sen. Laura Ellman
Placed on Calendar Order of First Reading
Arrive in Senate
Third Reading - Short Debate - Passed 070-036-000
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
House Floor Amendment No. 1 Adopted
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-003-000
Engrossed
Enrolled
House Amendment 1
Introduced
SB3213, ELECTRONIC PRESCRIPTIONS
Amends the Pharmacy Practice Act. Provides that prescriptions for drugs in Schedule II of the Illinois Controlled Substances Act may be transferred only once and may not be further transferred, consistent with federal regulations. Amends the Illinois Controlled Substances Act. Provides that the prescriber shall not be required to issue prescriptions electronically if the prescriptions need to be filled outside of typical retail pharmacy operating hours or may be difficult to obtain because of drug shortages or pharmacy inventory limitations. Effective immediately.
SB2951, MORTGAGE FORECLOSURE TIME
Amends the Code of Civil Procedure. Provides that any indebtedness of any kind that is secured by a mortgage or deed of trust in the nature of a mortgage has a 10-year period to commence an action. Amends the Probate Act of 1975. Provides that in any proceeding to sell or mortgage real estate, if the secured creditors cannot be satisfied in full, then the court shall not direct the sale without the secured creditors' approval to accept partial satisfaction; and if the secured creditors cannot be satisfied in full, a sale of the property is not considered necessary for the proper administration of the estate. Effective immediately.
SB3465, CONSTRUCTION-SANITARY REQS
Amends the Construction Site Temporary Restroom Facility Act. Changes the Act's short title to the Construction Site Temporary Restroom Facility and Sanitary Conditions for Menstruation and Lactation Act. Repeals a provision which specifies that separate toileting facilities are not required for males and females if individual portable toilet facilities are used by an owner of a portable building or building under construction to provide access to a restroom. Provides that, if a woman or an individual who menstruates is present on a work site and there are 10 or more workers of any gender at the work site, then a separate toilet facility shall be provided at the work site and designated for use by women and individuals who menstruate. Requires employers in the construction industry to provide their workers who menstruate and are performing construction activities on a work site with minimum sanitary conditions. Describes the required minimum sanitary conditions. Requires employers in the construction industry, upon request, to provide their workers who are lactating and performing construction activities on a work site with reasonable accommodations needed to express breast milk. Describes reasonable accommodations for lactation. Provides that, on or before January 1, 2027, the Department of Public Health shall provide guidance to employers on the accommodations to be provided. Authorizes employees of construction sites to call the certified local public health agency with jurisdiction over a construction site to request an inspection if noncompliance with the Act is suspected. Prohibits retaliation by employers if a call is made by an employee on a construction site for suspected noncompliance with the Act. Provides that any owner who fails or refuses to comply with the provisions of the Act commits a petty offense and is subject to a fine to be determined by the certified local public health agency (rather than only being subject to a petty offense). Defines "employer". Effective immediately.
SB3211, TELEDENTISTRY EXAMINATIONS
Amends the Illinois Dental Practice Act. In provisions concerning teledentistry, provides that an initial examination for new patients, excluding patients seeking orthodontic treatment, may be conducted through teledentistry if the authorizing dentist establishes a bona fide dentist-patient relationship by reviewing the patient's medical and dental history and verifying both the patient's identity and physical location to ensure that dental care is being administered within the State. Provides that an initial examination for orthodontia treatment shall be performed in person only. Requires an in-person clinical examination to be performed immediately before providing or authorizing services or treatments to patients that are not reversible. Provides that, for ongoing dentist-patient relationships, dentists shall strongly encourage patients to be seen in person at least annually. Makes other changes.
SB3707, VISION BENEFIT MANAGERS
Amends the Illinois Insurance Code. Creates the Vision Benefit Managers Article. Beginning on July 1, 2026, requires a vision benefit manager to be registered with the Department of Insurance, as specified, to conduct business in the State. Requires amounts collected under provisions concerning vision benefit manager registration requirements to be deposited into the Low-Income Student Vision Examination Fund, which is created as a special fund in the State treasury. Grants the Director or the Director's designee the authority to examine a registered vision benefit manager related to all of its lines of business. Amends the Vision Care Plan Regulation Act. Changes the name of the Act to the Vision Benefit Manager Regulation Act. Establishes the legislative intent of the Act. Makes changes to defined terms. Throughout the Act, replaces references to vision care plans with vision benefit plans and vision benefit discount plans and vision care organizations with vision benefit managers. Sets forth provisions concerning required actions for noncovered services; fee schedules for eye care providers; reimbursement paid by a vision benefit manager to an eye care provider; application of the Act to a specified limited health service organization; an eye care provider's choice of vendors and affiliations; the modification of a plan; audits of an eye care provider; prohibited conduct impacting patient access and choice; credentialing; termination of agreements; prohibition on security interests; arbitration costs; nonretaliation; and private rights of action. Amends the Consumer Fraud and Deceptive Business Practices Act and the State Finance Act to make conforming changes. Effective January 1, 2027.
SB3403, PEN CD-BD OF INVESTMENT AUDIT
Amends the Investment Board Article of the Illinois Pension. Provides that, if the Illinois State Board of Investment has not received a required audit opinion by December 15, the Board shall not be considered in violation of a provision requiring an annual report to each pension fund, retirement system, or education fund under the Board's jurisdiction within 6 months after the close of each fiscal year. Effective immediately.