SB2457 - 104th General Assembly (2025-2026)

COLLECTION AGENCY ACT
Last Action
08/01/2025 - Senate: Public Act . . . . . . . . . 104-0149
Statutes Amended In Order of Appearance
5 ILCS 80/4.36  
205 ILCS 740/2  was 225 ILCS 425/2
205 ILCS 740/2.03  was 225 ILCS 425/2.03
205 ILCS 740/2.04  was 225 ILCS 425/2.04
205 ILCS 740/4  was 225 ILCS 425/4
205 ILCS 740/4.5  was 225 ILCS 425/4.5
205 ILCS 740/9  was 225 ILCS 425/9
205 ILCS 740/9.1  was 225 ILCS 425/9.1
205 ILCS 740/13.2  was 225 ILCS 425/13.2
205 ILCS 740/14b  was 225 ILCS 425/14b
205 ILCS 740/16  was 225 ILCS 425/16
205 ILCS 740/17  was 225 ILCS 425/17
205 ILCS 740/18  was 225 ILCS 425/18
205 ILCS 740/19  was 225 ILCS 425/19
205 ILCS 740/20  was 225 ILCS 425/20
205 ILCS 740/22  was 225 ILCS 425/22
205 ILCS 740/23  was 225 ILCS 425/23
205 ILCS 740/35  was 225 ILCS 425/35
205 ILCS 740/3 rep.  
205 ILCS 740/13.1 rep.  
Synopsis As Introduced
Amends the Regulatory Sunset Act. Removes the Collection Agency Act from the list of Acts being repealed under the Act. Amends the Collection Agency Act. Makes changes concerning defined terms; exempt persons and entities under the Act; unlicensed practice; disciplinary actions; communication; informal conferences; penalties; investigations; the record of hearing; oaths; findings and recommendations; hearings; orders; and returned payments. Provides that the fee rate a collection agency can charge may be modified by rule to not less than 25% of the amount of child support actually collected by the collection agency but not greater than 35%. Repeals provisions concerning the Collection Agency Licensing and Disciplinary Board and provisions concerning when a person acts as a collection agency. Makes other changes.

Senate Committee Amendment No. 1
Adds reference to:
205 ILCS 740/11  was 225 ILCS 425/11
Makes changes concerning certain exemptions from the Collection Agency Act. Further amends the Collection Agency Act. Removes a provision concerning informal conferences, and makes a conforming change.

Senate Floor Amendment No. 2
Deletes reference to:
205 ILCS 740/13.1 rep.  
Adds reference to:
205 ILCS 740/13.1  was 225 ILCS 425/13.1
205 ILCS 740/24  was 225 ILCS 425/24
Makes changes to defined terms. In provisions concerning a civil penalty imposed by the Department of Financial and Professional Regulation for unlicensed practice under the Act, provides that the civil penalty shall be assessed by the Department after a hearing is held (rather than after an opportunity for a hearing) in accordance with the Act. Replaces provisions concerning the Collection Agency Licensing and Disciplinary Board. Provides that the Department shall, if requested to do so by at least 20 interested persons or an association representing at least 20 interested persons, meet at least once per calendar year with representatives of the debt collection industry to discuss developments in the lawful collection of debt and issues confronting the Department in its regulation and discipline of collection agencies. Further amends the Collection Agency Act to remove references to the Board in provisions concerning the appointment of a hearing officer and license restoration.
Actions
DateChamberAction
02/07/2025SenateFiled with Secretary by Sen. Mark L. Walker
02/07/2025SenateFirst Reading
02/07/2025SenateReferred to Assignments
03/04/2025SenateAssigned to Financial Institutions
03/17/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
03/17/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
03/18/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
03/18/2025SenateAdded as Co-Sponsor Sen. Karina Villa
03/19/2025SenateSenate Committee Amendment No. 1 Adopted
03/19/2025SenateDo Pass as Amended Financial Institutions; 008-000-000
03/19/2025SenatePlaced on Calendar Order of 2nd Reading March 20, 2025
04/01/2025SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Mark L. Walker
04/01/2025SenateSenate Floor Amendment No. 2 Referred to Assignments
04/01/2025SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
04/03/2025SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
04/03/2025SenateSecond Reading
04/03/2025SenateSenate Floor Amendment No. 2 Adopted; Walker
04/03/2025SenatePlaced on Calendar Order of 3rd Reading April 4, 2025
04/04/2025SenateAdded as Chief Co-Sponsor Sen. Graciela Guzmán
04/04/2025SenatePlaced on Calendar Order of 3rd Reading **
04/09/2025SenatePlaced on Calendar Order of 3rd Reading
04/09/2025SenateThird Reading - Passed; 056-000-000
04/09/2025HouseArrived in House
04/09/2025HouseChief House Sponsor Rep. Margaret Croke
04/09/2025HouseFirst Reading
04/09/2025HouseReferred to Rules Committee
04/17/2025HouseAssigned to Financial Institutions and Licensing Committee
04/29/2025HouseDo Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
04/30/2025HousePlaced on Calendar 2nd Reading - Short Debate
05/13/2025SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
05/14/2025HouseSecond Reading - Short Debate
05/14/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
05/22/2025HouseThird Reading - Short Debate - Passed 113-000-000
05/22/2025SenatePassed Both Houses
06/20/2025SenateSent to the Governor
08/01/2025SenateGovernor Approved
08/01/2025SenateEffective Date January 1, 2026
08/01/2025SenatePublic Act . . . . . . . . . 104-0149