Illinois 2023-2024 Regular Session

Illinois House Bill HB5587 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5587 Introduced , by Rep. Hoan Huynh SYNOPSIS AS INTRODUCED: New Act5 ILCS 140/7.5 Creates the Commercial Financing Licensing Act. Sets forth provisions concerning licensure requirements for persons providing commercial financing; applicability of the Act; applying for licensing under the Act; license application and issuance; refusal to issue a license; license issuance and renewal; fees; functions, power, and duties; examination and prohibited activities; subpoena power of the Secretary of Financial and Professional Regulation; reports required; suspension of licenses, revocation of licenses, civil penalties, and other discipline; investigation of complaints; confidentiality; appeal and review; licensure fees; injunctions; exemptions; complaint disclosure; rules; violations; severability; severability; and a commercial financing database. Amends the Freedom of Information Act to make a conforming change. Effective immediately. LRB103 38823 RTM 68960 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5587 Introduced , by Rep. Hoan Huynh SYNOPSIS AS INTRODUCED: New Act5 ILCS 140/7.5 New Act 5 ILCS 140/7.5 Creates the Commercial Financing Licensing Act. Sets forth provisions concerning licensure requirements for persons providing commercial financing; applicability of the Act; applying for licensing under the Act; license application and issuance; refusal to issue a license; license issuance and renewal; fees; functions, power, and duties; examination and prohibited activities; subpoena power of the Secretary of Financial and Professional Regulation; reports required; suspension of licenses, revocation of licenses, civil penalties, and other discipline; investigation of complaints; confidentiality; appeal and review; licensure fees; injunctions; exemptions; complaint disclosure; rules; violations; severability; severability; and a commercial financing database. Amends the Freedom of Information Act to make a conforming change. Effective immediately. LRB103 38823 RTM 68960 b LRB103 38823 RTM 68960 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5587 Introduced , by Rep. Hoan Huynh SYNOPSIS AS INTRODUCED:
3	3	New Act5 ILCS 140/7.5 New Act 5 ILCS 140/7.5
4	4	New Act
5	5	5 ILCS 140/7.5
6	6	Creates the Commercial Financing Licensing Act. Sets forth provisions concerning licensure requirements for persons providing commercial financing; applicability of the Act; applying for licensing under the Act; license application and issuance; refusal to issue a license; license issuance and renewal; fees; functions, power, and duties; examination and prohibited activities; subpoena power of the Secretary of Financial and Professional Regulation; reports required; suspension of licenses, revocation of licenses, civil penalties, and other discipline; investigation of complaints; confidentiality; appeal and review; licensure fees; injunctions; exemptions; complaint disclosure; rules; violations; severability; severability; and a commercial financing database. Amends the Freedom of Information Act to make a conforming change. Effective immediately.
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9	9	A BILL FOR
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12	12	1 AN ACT concerning regulation.
13	13	2 Be it enacted by the People of the State of Illinois,
14	14	3 represented in the General Assembly:
15	15	4 Section 1. Short title. This Article may be cited as the
16	16	5 Consumer Protections for Small Business Act.
17	17	6 Section 2. Purpose and construction. The purpose of this
18	18	7 Act is to protect business owners. This Act shall be liberally
19	19	8 construed to effectuate its purpose.
20	20	9 Section 5. Definitions. As used in this Act:
21	21	10 "Applicant" means a person who has submitted an
22	22	11 application for a license pursuant to this Act.
23	23	12 "Commercial financing database" means a reporting database
24	24	13 certified by the Department as effective in receiving a report
25	25	14 of commercial financing made pursuant to this Act.
26	26	15 "Commercial financing database provider" means an entity
27	27	16 that provides a reporting database certified by the Department
28	28	17 pursuant to this Act.
29	29	18 "Commercial financing" means open-end financing,
30	30	19 closed-end financing, sales-based financing, factoring
31	31	20 transaction, or other form of financing, the proceeds of which
32	32	21 the recipient does not intend to use primarily for personal,
33	33	22 family, or household purposes. For purposes of determining
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37	37	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB5587 Introduced , by Rep. Hoan Huynh SYNOPSIS AS INTRODUCED:
38	38	New Act5 ILCS 140/7.5 New Act 5 ILCS 140/7.5
39	39	New Act
40	40	5 ILCS 140/7.5
41	41	Creates the Commercial Financing Licensing Act. Sets forth provisions concerning licensure requirements for persons providing commercial financing; applicability of the Act; applying for licensing under the Act; license application and issuance; refusal to issue a license; license issuance and renewal; fees; functions, power, and duties; examination and prohibited activities; subpoena power of the Secretary of Financial and Professional Regulation; reports required; suspension of licenses, revocation of licenses, civil penalties, and other discipline; investigation of complaints; confidentiality; appeal and review; licensure fees; injunctions; exemptions; complaint disclosure; rules; violations; severability; severability; and a commercial financing database. Amends the Freedom of Information Act to make a conforming change. Effective immediately.
42	42	LRB103 38823 RTM 68960 b LRB103 38823 RTM 68960 b
43	43	LRB103 38823 RTM 68960 b
44	44	A BILL FOR
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70	70	1 whether a financing is a commercial financing, the provider
71	71	2 may rely on any statement of intended purposes by the
72	72	3 recipient. The statement may be a separate statement signed by
73	73	4 the recipient; may be contained in the financing application,
74	74	5 financing agreement, or other document signed or consented to
75	75	6 by the recipient; or may be provided orally by the recipient so
76	76	7 long as it is documented in the recipient's application file
77	77	8 by the provider. Electronic signatures and consents are valid
78	78	9 for purposes of the foregoing sentence. The provider shall not
79	79	10 be required to ascertain that the proceeds of a commercial
80	80	11 financing are used in accordance with the recipient's
81	81	12 statement of intended purposes.
82	82	13 "Department" means the Department of Financial and
83	83	14 Professional Regulation.
84	84	15 "Division of Financial Institutions" or "Division" means
85	85	16 the Division of Financial Institutions of the Department of
86	86	17 Financial and Professional Regulation.
87	87	18 "Person" means an individual, entity, corporation,
88	88	19 partnership, limited liability company, joint venture,
89	89	20 association, joint stock company, trust, or unincorporated
90	90	21 organization, including, but not limited to, a sole
91	91	22 proprietorship.
92	92	23 "Provider" means a person who extends a specific offer of
93	93	24 commercial financing to a recipient. Unless otherwise exempt,
94	94	25 "provider" includes a person who solicits and presents
95	95	26 specific offers of commercial financing on behalf of a third
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106	106	1 party. The mere extension of a specific offer or provision of
107	107	2 disclosures for a commercial financing, is not sufficient to
108	108	3 conclude that a provider is originating, making, funding, or
109	109	4 providing commercial financing.
110	110	5 "Recipient" means a person who applies for commercial
111	111	6 financing and is made a specific offer of commercial financing
112	112	7 by a provider. "Recipient" includes an authorized
113	113	8 representative of a person who applies for commercial
114	114	9 financing and is made a specific offer of commercial financing
115	115	10 by a provider. "Recipient" does not include a person acting as
116	116	11 a broker is not a recipient in a transaction they broker.
117	117	12 "Secretary" means the Secretary of Financial and
118	118	13 Professional Regulation or a person authorized by the
119	119	14 Secretary to perform the Secretary's responsibilities under
120	120	15 this Act.
121	121	16 "Specific offer" means the specific terms of commercial
122	122	17 financing, including price or amount, that is quoted to a
123	123	18 recipient based on information obtained from or about the
124	124	19 recipient that, if accepted by a recipient, shall be binding
125	125	20 on the provider, as applicable, subject to any specific
126	126	21 requirements stated in the specific terms.
127	127	22 Section 10. Applicability.
128	128	23 (a) Except as otherwise provided in this Section, this Act
129	129	24 applies to any person that offers or provides commercial
130	130	25 financing in Illinois or is otherwise a provider.
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141	141	1 (b) The provisions of this Act apply to any person that
142	142	2 seeks to evade its applicability by any device, subterfuge, or
143	143	3 pretense whatsoever.
144	144	4 (c) The provisions of this Act apply to any person that
145	145	5 aids or facilitates a violation of this Act.
146	146	6 Section 15. Division of Financial Institutions. This Act
147	147	7 shall be administered by the Division on behalf of the
148	148	8 Secretary.
149	149	9 Section 20. Licensure requirement. A person may not
150	150	10 provide commercial financing without the license required by
151	151	11 this Act and shall be guilty of a Class 4 felony for practicing
152	152	12 without a license. The Secretary may investigate a person the
153	153	13 Secretary believes may require licensure pursuant to this Act,
154	154	14 including, but not limited to compelling production of
155	155	15 testimony, books, records, or any other information necessary
156	156	16 for the Secretary to determine whether the person requires
157	157	17 licensure.
158	158	18 Section 25. Licensee name. No person providing commercial
159	159	19 financing may operate such business under a name other than
160	160	20 the real names of the entity and individuals conducting such
161	161	21 business. Such business may operate under an assumed corporate
162	162	22 name pursuant to the Business Corporation Act of 1983, an
163	163	23 assumed limited liability company name pursuant to the Limited
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174	174	1 Liability Company Act, or an assumed business name pursuant to
175	175	2 the Assumed Business Name Act with written authorization from
176	176	3 the Secretary. Each licensee shall update its name with the
177	177	4 Department within 10 days of the change of name.
178	178	5 Section 30. Application process; investigation; fees.
179	179	6 (a) The Secretary may issue a license to a person after the
180	180	7 person completes all of the following:
181	181	8 (1) the filing of an application for license with the
182	182	9 Secretary or a multistate licensing system as approved by
183	183	10 the Secretary;
184	184	11 (2) the filing with the Secretary or a multistate
185	185	12 licensing system as approved by the Secretary of a listing
186	186	13 of judgments entered against, and bankruptcy petitions by,
187	187	14 the applicant for the preceding 10 years;
188	188	15 (3) the payment, in certified funds, of investigation
189	189	16 and application fees, the total of which shall be in an
190	190	17 amount equal to $2,500; and
191	191	18 (4) the filing of an audited balance sheet, including
192	192	19 all footnotes prepared by a certified public accountant in
193	193	20 accordance with generally accepted accounting principles
194	194	21 and generally accepted auditing standards; notwithstanding
195	195	22 the requirements of this paragraph, an applicant that is a
196	196	23 subsidiary may submit audited consolidated financial
197	197	24 statements of its parent, intermediary parent, or ultimate
198	198	25 parent as long as the consolidated statements are
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209	209	1 supported by consolidating statements that include the
210	210	2 applicant's financial statement; if the consolidating
211	211	3 statements are unaudited, the applicant's chief financial
212	212	4 officer shall attest to the applicant's financial
213	213	5 statements disclosed in the consolidating statements.
214	214	6 (b) The Secretary may, for good cause shown, waive or
215	215	7 modify the requirements of subsection (a).
216	216	8 (c) Upon receipt of the license, a licensee is authorized
217	217	9 to engage in commercial financing. The license shall remain in
218	218	10 full force and effect until it expires, is surrendered by the
219	219	11 licensee, or is revoked or suspended as provided in this Act.
220	220	12 (d) The Secretary may impose conditions on a license if
221	221	13 the Secretary determines that those conditions are necessary
222	222	14 or appropriate. These conditions shall be imposed in writing
223	223	15 and shall continue in effect for the period prescribed by the
224	224	16 Secretary.
225	225	17 Section 35. Application form.
226	226	18 (a) Application for a license must be made in accordance
227	227	19 with this Act, if required by the Secretary, and in accordance
228	228	20 with requirements of the multistate licensing system. The
229	229	21 application shall be in writing, under oath, and on a form
230	230	22 obtained from and prescribed by the Secretary. The Secretary
231	231	23 may require part or all of the application to be submitted
232	232	24 electronically, with attestation, to the multistate licensing
233	233	25 system.
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244	244	1 (b) The application shall contain the name and complete
245	245	2 business and residential address or addresses of the
246	246	3 applicant. The application shall also include a description of
247	247	4 the activities of the applicant in such detail and for such
248	248	5 periods as the Secretary may require, including all of the
249	249	6 following:
250	250	7 (1) an affirmation that the applicant and its members,
251	251	8 directors, or principals, as may be appropriate, are at
252	252	9 least 18 years of age;
253	253	10 (2) information as to the name, complete business
254	254	11 address, complete residential address, character, fitness,
255	255	12 financial and business responsibility, background,
256	256	13 experience, and criminal record of any:
257	257	14 (i) person, including an ultimate equitable owner,
258	258	15 that directly or indirectly owns or controls 10% or
259	259	16 more of any class of stock of the applicant;
260	260	17 (ii) person, including an ultimate equitable owner
261	261	18 that is not a depository institution, as defined in
262	262	19 the Savings Bank Act, that lends, provides, or
263	263	20 infuses, directly or indirectly, in any way, funds to
264	264	21 or into an applicant in an amount equal to or more than
265	265	22 10% of the applicant's net worth;
266	266	23 (iii) person, including an ultimate equitable
267	267	24 owner that controls, directly or indirectly, the
268	268	25 election of 25% or more of the members of the board of
269	269	26 directors of an applicant;
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280	280	1 (iv) person, including an ultimate equitable owner
281	281	2 that the Secretary finds influences the management of
282	282	3 the applicant;
283	283	4 (v) director or directors of an applicant; and
284	284	5 (vi) principal officers of an applicant; and
285	285	6 (3) such other information as required by the
286	286	7 Secretary to assess whether the applicant and its owners,
287	287	8 officers, and directors have the financial responsibility,
288	288	9 financial condition, business experience, character, and
289	289	10 general fitness to justify the confidence of the public
290	290	11 and that the applicant and its owners, officers, and
291	291	12 directors are fit, willing, and able to carry on the
292	292	13 proposed business in a lawful and fair manner.
293	293	14 Section 40. Additional license application information.
294	294	15 (a) In order to fulfill the purposes of this Act, the
295	295	16 Secretary may establish relationships or contracts with a
296	296	17 multistate licensing system or other persons to collect and
297	297	18 maintain records and process fees related to licensees or
298	298	19 other persons subject to this Act.
299	299	20 (b) In connection with an application for licensing, the
300	300	21 applicant, owners, officers, and directors of an applicant may
301	301	22 be required, at a minimum, to furnish to the Secretary or
302	302	23 multistate licensing system information concerning the
303	303	24 applicant's, owners', officers' and directors' identity,
304	304	25 including personal history and experience in a form prescribed
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315	315	1 by the Secretary or multistate licensing system, including,
316	316	2 but not limited to:
317	317	3 (1) a complete and accurate copy of an independent
318	318	4 credit report obtained from a consumer reporting agency
319	319	5 described in Section 603(p) of the Fair Credit Reporting
320	320	6 Act (15 U.S.C. 1681a(p)); and
321	321	7 (2) information related to any administrative, civil,
322	322	8 or criminal findings by any governmental jurisdiction.
323	323	9 (c) For the purposes of this Section, and to reduce the
324	324	10 points of contact that the Secretary may have to maintain, the
325	325	11 Secretary may use a multistate licensing system as a
326	326	12 channeling agent for requesting and distributing information
327	327	13 to and from any source.
328	328	14 (d) Each application shall be accompanied by averments as
329	329	15 determined by the Secretary to fulfill the purposes of this
330	330	16 Act.
331	331	17 (e) Each applicant shall furnish to the Secretary or
332	332	18 multistate licensing system an updated business address within
333	333	19 10 days of any change of business address.
334	334	20 Section 45. Refusal to issue or renew license. The
335	335	21 Secretary may refuse to issue or renew a license if:
336	336	22 (1) the Secretary determines that the applicant has
337	337	23 not complied with a provision of this Act, its
338	338	24 implementing rules, or other laws that apply to the
339	339	25 applicant;
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350	350	1 (2) the Secretary determines that there is substantial
351	351	2 continuity between the applicant and any violator of this
352	352	3 Act, its implementing rules, or other laws that apply to
353	353	4 the applicant or related violator; or
354	354	5 (3) the Secretary determines that the applicant or its
355	355	6 owners, officers, or directors do not have the financial
356	356	7 responsibility, financial condition, business experience,
357	357	8 character, and general fitness of to justify the
358	358	9 confidence of the public and that the license applicant
359	359	10 and its owners, officers, and directors are fit, willing,
360	360	11 and able to carry on the proposed business in a lawful and
361	361	12 fair manner.
362	362	13 Section 50. License issuance and renewal.
363	363	14 (a) Licensees shall apply to renew their license every
364	364	15 calendar year. Licensees may submit properly completed renewal
365	365	16 application forms and filing fees 60 days before the license
366	366	17 expiration date and the same must be received by the Secretary
367	367	18 at least 30 days before the license expiration date.
368	368	19 (b) Each licensee must timely renew its license. Absent a
369	369	20 written extension from the Department, a license shall expire
370	370	21 on December 31 if a licensee fails to timely submit a properly
371	371	22 completed renewal application form and fees.
372	372	23 (c) No activity regulated by this Act shall be conducted
373	373	24 by a licensee whose license has expired. The Secretary may,
374	374	25 within the Secretary's discretion, reinstate an expired
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385	385	1 license upon payment of the renewal fee, payment of a
386	386	2 reactivation fee equal to 5 times the renewal fee, submission
387	387	3 of a completed renewal application, and an affidavit of good
388	388	4 cause for late renewal.
389	389	5 Section 55. Fees.
390	390	6 (a) The persons regulated by this Act shall bear the
391	391	7 expenses of administering this Act, including investigations
392	392	8 and examinations provided for in this Act. The Secretary may
393	393	9 establish fees by rule or modify fees in at least the following
394	394	10 categories:
395	395	11 (1) application and renewal fees;
396	396	12 (2) examination and investigation fees;
397	397	13 (3) change fees;
398	398	14 (4) contingent fees; and
399	399	15 (5) such other fees as may be required to administer
400	400	16 this Act.
401	401	17 (b) The Secretary may modify any fees established by this
402	402	18 Act by rule one year after the effective date of this Act.
403	403	19 Section 60. Functions; powers; duties. The functions,
404	404	20 powers, and duties of the Secretary include, but are not
405	405	21 limited to, the following:
406	406	22 (1) to issue or refuse to issue any license or
407	407	23 renewal;
408	408	24 (2) to revoke or suspend for cause any license issued
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419	419	1 under this Act;
420	420	2 (3) to keep records of all licenses issued under this
421	421	3 Act;
422	422	4 (4) to receive, consider, investigate, and act upon
423	423	5 complaints made by any person in connection with any
424	424	6 licensee in this State or unlicensed commercial financing
425	425	7 activity of any person;
426	426	8 (5) to prescribe the forms of and receive:
427	427	9 (A) applications for licenses and renewals; and
428	428	10 (B) all reports and all books and records required
429	429	11 to be made by any licensee under this Act, including
430	430	12 annual audited financial statements if required by the
431	431	13 Secretary and annual reports of commercial financing
432	432	14 activity;
433	433	15 (6) to adopt rules necessary and proper for the
434	434	16 administration of this Act, to protect consumers, and
435	435	17 promote fair competition or otherwise authorized by this
436	436	18 Act;
437	437	19 (7) to subpoena documents and witnesses and compel
438	438	20 their attendance and production, to administer oaths, and
439	439	21 to require the production of any books, papers, or other
440	440	22 materials relevant to any inquiry authorized by this Act
441	441	23 or its implementing rules;
442	442	24 (8) to issue orders against any person if the
443	443	25 Secretary has reasonable cause to believe that an unsafe,
444	444	26 unsound, or unlawful practice has occurred, is occurring,
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455	455	1 or is about to occur; if any person is violating, or is
456	456	2 about to violate any law, rule, or written agreement with
457	457	3 the Secretary; or for the purpose of administering the
458	458	4 provisions of this Act and any rule adopted in accordance
459	459	5 with this Act;
460	460	6 (9) to address any inquiries to any licensee, or the
461	461	7 owners, officers, or directors thereof, in relation to its
462	462	8 activities and conditions, or any other matter connected
463	463	9 with its affairs, and any licensee or person so addressed
464	464	10 shall promptly reply in writing to those inquiries. The
465	465	11 Secretary may also require reports from any licensee at
466	466	12 any time the Secretary deems desirable;
467	467	13 (10) to examine the books and records of every
468	468	14 licensee under this Act or any person requiring a license
469	469	15 or who the Secretary reasonably believes may require a
470	470	16 license;
471	471	17 (11) to enforce provisions of this Act and its
472	472	18 implementing rules;
473	473	19 (12) to levy fees including, but not limited to,
474	474	20 assessments, examination fees, and licensing fees, civil
475	475	21 penalties, and charges for services performed in
476	476	22 administering this Act. The aggregate of all fees
477	477	23 collected by the Secretary under this Act shall be paid
478	478	24 promptly after receipt into the Financial Institution
479	479	25 Fund. The amounts deposited into the Financial Institution
480	480	26 Fund shall be used for the ordinary and contingent
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491	491	1 expenses of the Department. Nothing in this Act prevents
492	492	2 paying expenses including salaries, retirement, social
493	493	3 security, and State-paid insurance of State employees, or
494	494	4 any other expenses incurred under this Act by
495	495	5 appropriation from the General Revenue Fund or any other
496	496	6 fund;
497	497	7 (13) to issue refunds to licensees of any overpayment
498	498	8 for good cause shown;
499	499	9 (14) to appoint examiners, supervisors, experts, and
500	500	10 special assistants as needed to effectively and
501	501	11 efficiently administer this Act;
502	502	12 (15) to conduct hearings for the purpose of
503	503	13 suspensions, denials, or revocations of licenses, fining,
504	504	14 or other discipline of licensees or unlicensed persons or
505	505	15 entities;
506	506	16 (16) to exercise visitorial power over a licensee;
507	507	17 (17) to enter into cooperative agreements with state
508	508	18 regulatory authorities of other states to provide for
509	509	19 examination of corporate offices or branches of those
510	510	20 states, participate in joint examinations with other
511	511	21 regulators, and to accept reports of such examinations;
512	512	22 (18) to assign an examiner or examiners to monitor the
513	513	23 affairs of a licensee with whatever frequency the
514	514	24 Secretary determines appropriate and to charge the
515	515	25 licensee for reasonable and necessary expenses of the
516	516	26 Secretary if in the opinion of the Secretary an emergency
517	517
518	518
519	519
520	520
521	521
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523	523
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527	527	1 exists or appears likely to occur;
528	528	2 (19) to impose civil penalties of up to $200 per day
529	529	3 against a licensee for failing to respond to a regulatory
530	530	4 request or reporting requirement; and
531	531	5 (20) to enter into agreements in connection with a
532	532	6 multistate licensing system.
533	533	7 Section 65. Examination; prohibited activities.
534	534	8 (a) The Secretary shall examine the business affairs of a
535	535	9 licensee under this Act as often as the Secretary deems
536	536	10 necessary and proper. The Secretary may adopt rules with
537	537	11 respect to the frequency and manner of examination. The
538	538	12 Secretary shall appoint a suitable person to perform such
539	539	13 examination. The Secretary and the Secretary's appointees may
540	540	14 examine the entire books, records, documents, and operations
541	541	15 of each licensee and its subsidiary, affiliate, or agent, and
542	542	16 may examine any of the licensee's or its subsidiaries',
543	543	17 owners, affiliates', or agents' officers, directors,
544	544	18 employees, and agents under oath.
545	545	19 (b) Affiliates of a licensee shall be subject to
546	546	20 examination by the Secretary on the same terms as the
547	547	21 licensee, but only when reports from or examination of a
548	548	22 licensee provides for documented evidence of unlawful activity
549	549	23 between a licensee and affiliate benefiting, affecting, or
550	550	24 deriving from the activities regulated by this Act.
551	551	25 (c) The expenses of any examination of the licensee or its
552	552
553	553
554	554
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562	562	1 affiliates shall be borne by the licensee and assessed by the
563	563	2 Secretary as may be established by rule.
564	564	3 (d) All confidential supervisory information, including
565	565	4 the examination report and the work papers of the report,
566	566	5 shall belong to the Secretary's office and may not be
567	567	6 disclosed to anyone other than the licensee, law enforcement
568	568	7 officials, or other regulatory agencies that have an
569	569	8 appropriate regulatory interest as determined by the Secretary
570	570	9 or to a party presenting a lawful subpoena to the Department.
571	571	10 The Secretary may, through the Attorney General, immediately
572	572	11 appeal to the court of jurisdiction the disclosure of such
573	573	12 confidential supervisory information and seek a stay of the
574	574	13 subpoena pending the outcome of the appeal. Reports required
575	575	14 of licensees by the Secretary under this Act and results of
576	576	15 examinations performed by the Secretary under this Act shall
577	577	16 be the property of only the Secretary, but may be shared with
578	578	17 the licensee. Any person demanded to produce the Department's
579	579	18 confidential supervisory information, whether by subpoena,
580	580	19 order, or other judicial or administrative process, must
581	581	20 withhold production of the confidential supervisory
582	582	21 information and must notify the Secretary of the demand. The
583	583	22 Secretary is authorized to intervene for the purpose of
584	584	23 enforcing the limitations of this Section or seeking the
585	585	24 withdrawal or termination of the attempt to compel production
586	586	25 of the confidential supervisory information. The Secretary may
587	587	26 impose any conditions and limitations on the disclosure of
588	588
589	589
590	590
591	591
592	592
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594	594
595	595
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598	598	1 confidential supervisory information that are necessary to
599	599	2 protect the confidentiality of that information. The Secretary
600	600	3 may condition a decision to disclose confidential supervisory
601	601	4 information on entry of a protective order by the court or
602	602	5 administrative tribunal presiding in the particular case or on
603	603	6 a written agreement of confidentiality. If a protective order
604	604	7 or agreement has already been entered between parties other
605	605	8 than the Secretary, then the Secretary may nevertheless
606	606	9 condition approval for release of confidential supervisory
607	607	10 information upon the inclusion of additional or amended
608	608	11 provisions in the protective order. The Secretary may
609	609	12 authorize a party who obtained the records for use in one case
610	610	13 to provide them to another party in another case, subject to
611	611	14 any conditions that the Secretary may impose on either or both
612	612	15 parties. The requester shall promptly notify other parties to
613	613	16 a case of the release of confidential supervisory information
614	614	17 obtained and, upon entry of a protective order, shall provide
615	615	18 copies of confidential supervisory information to the other
616	616	19 parties.
617	617	20 Section 70. Subpoena power of the Secretary.
618	618	21 (a) The Secretary may issue and serve subpoenas and
619	619	22 subpoenas duces tecum to compel the attendance of witnesses
620	620	23 and the production of all books, accounts, records, and other
621	621	24 documents and materials relevant to an examination or
622	622	25 investigation. The Secretary, or the Secretary's duly
623	623
624	624
625	625
626	626
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629	629
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633	633	1 authorized representative, may administer oaths and
634	634	2 affirmations to any person.
635	635	3 (b) If a person does not comply with the Secretary's
636	636	4 subpoena or subpoena duces tecum, the Secretary may, through
637	637	5 the Attorney General, petition the circuit court of the county
638	638	6 in which the subpoenaed person resides or has its principal
639	639	7 place of business for an order requiring the subpoenaed person
640	640	8 to testify and to comply with the subpoena duces tecum. The
641	641	9 court may grant injunctive relief restraining the person from
642	642	10 engaging in activity regulated by this Act. The court may
643	643	11 grant other relief, including, but not limited to, the
644	644	12 restraint, by injunction or appointment of a receiver, of any
645	645	13 transfer, pledge, assignment, or other disposition of the
646	646	14 person's assets, concealment, destruction, or other
647	647	15 disposition of books, accounts, records, or other documents
648	648	16 and materials, as the court deems appropriate, until the
649	649	17 person has fully complied with the subpoena or subpoena duces
650	650	18 tecum and the Secretary has completed an investigation or
651	651	19 examination.
652	652	20 (c) If it appears to the Secretary that the compliance
653	653	21 with a subpoena or subpoena duces tecum issued or caused to be
654	654	22 issued by the Secretary pursuant to this Section is essential
655	655	23 to an investigation or examination, the Secretary, in addition
656	656	24 to the other remedies provided for in this Act, may, through
657	657	25 the Attorney General, apply for relief to the circuit court of
658	658	26 the county in which the subpoenaed person resides or has its
659	659
660	660
661	661
662	662
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665	665
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669	669	1 principal place of business. The court shall thereupon direct
670	670	2 the issuance of an order against the subpoenaed person
671	671	3 requiring sufficient bond conditioned on compliance with the
672	672	4 subpoena or subpoena duces tecum. The court shall cause to be
673	673	5 endorsed on the order a suitable amount of bond or payment
674	674	6 pursuant to which the person named be freed, having a due
675	675	7 regard to the nature of the case.
676	676	8 (d) In addition, the Secretary may, through the Attorney
677	677	9 General, seek a writ of attachment or an equivalent order from
678	678	10 the circuit court having jurisdiction over the person who has
679	679	11 refused to obey a subpoena, who has refused to give testimony,
680	680	12 or who has refused to produce the matters described in the
681	681	13 subpoena duces tecum.
682	682	14 Section 75. Reports required.
683	683	15 (a) Every licensee shall produce to the Department reports
684	684	16 the Secretary requests.
685	685	17 (b) Every provider shall produce to the Department a
686	686	18 report of its commercial financing activity upon the request
687	687	19 of the Secretary. Every provider shall produce its report to
688	688	20 the Department within 90 days of the Secretary's request. The
689	689	21 Secretary shall publish the request and identify all data
690	690	22 providers must report within 60 days after the effective date
691	691	23 of this Act.
692	692	24 (c) Every provider shall produce to the Department a
693	693	25 report of its commercial financing activity upon the
694	694
695	695
696	696
697	697
698	698
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700	700
701	701
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704	704	1 Secretary's written request.
705	705	2 Section 80. Suspension; revocation of licenses; civil
706	706	3 penalties and other discipline.
707	707	4 (a) The Secretary may enter an order imposing one or more
708	708	5 of the following penalties:
709	709	6 (1) revocation of license;
710	710	7 (2) suspension of a license subject to reinstatement
711	711	8 upon satisfying all reasonable conditions the Secretary
712	712	9 may specify;
713	713	10 (3) placement of the licensee or applicant on
714	714	11 probation for a period of time and subject to all
715	715	12 reasonable conditions as the Secretary may specify;
716	716	13 (4) issuance of a reprimand;
717	717	14 (5) imposition of civil monetary penalties as follows:
718	718	15 (A) a civil penalty not to exceed $10,000 for each
719	719	16 separate offense, but civil penalties may not to
720	720	17 exceed $50,000 for all violations arising from the use
721	721	18 of the same transaction documents or materials,
722	722	19 including for financing offers that are not
723	723	20 consummated;
724	724	21 (B) if a person who violates this Act after
725	725	22 receiving written notice of a prior violation, then a
726	726	23 civil penalty may be imposed not to exceed $10,000 for
727	727	24 each count of separate offense, but the civil
728	728	25 penalties are not to exceed $100,000 for all
729	729
730	730
731	731
732	732
733	733
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735	735
736	736
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739	739	1 violations arising from the use of the same
740	740	2 transaction documents or materials, including for
741	741	3 financing offers that are not consummated;
742	742	4 (6) restitution, refunds, or any other relief
743	743	5 necessary to protect consumers; and
744	744	6 (7) denial of a license.
745	745	7 (b) Grounds for penalties include:
746	746	8 (1) if a person has violated or aided another to
747	747	9 violate, any provisions of this Act, any rule adopted by
748	748	10 the Secretary, or any other law, rule, or regulation of
749	749	11 this State, any other state, or the United States;
750	750	12 (2) if a fact or condition exists that, if it had
751	751	13 existed at the time of the original application for the
752	752	14 license, would have warranted the Secretary in refusing
753	753	15 issue the original license;
754	754	16 (3) that a licensee that is not an individual has
755	755	17 acted or failed to act in a way that would be cause for
756	756	18 suspending or revoking a license to an individual;
757	757	19 (4) that a person engaged in unsafe, unsound, unfair,
758	758	20 deceptive, or abusive business practices related to the
759	759	21 activity covered by this Act;
760	760	22 (5) that a person has been adjudicated guilty of a
761	761	23 crime against the law of this State, any other state, or of
762	762	24 the United States involving moral turpitude, abusive,
763	763	25 deceptive, fraudulent, or dishonest dealing;
764	764	26 (6) that a final judgment has been entered against a
765	765
766	766
767	767
768	768
769	769
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771	771
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775	775	1 person in a civil action upon grounds of abusive conduct,
776	776	2 conversion, fraud, misrepresentation, or deceit;
777	777	3 (7) that a person made a material misstatement in its
778	778	4 application for licensure or any other communication to
779	779	5 the Secretary;
780	780	6 (8) that a person has demonstrated, by course of
781	781	7 conduct, negligence or incompetence in performing any act
782	782	8 for which it is required to hold a license under this Act;
783	783	9 (9) that a person has failed to advise the Secretary
784	784	10 in writing of any changes to the information submitted on
785	785	11 their most recent application for license within 30 days
786	786	12 of the change;
787	787	13 (10) that a licensee failed to submit to periodic
788	788	14 examination by the Secretary as required by this Act or
789	789	15 failed to maintain, preserve, and keep available for
790	790	16 examination all books, accounts, or other documents
791	791	17 required by the provisions of this Act and rules of the
792	792	18 Secretary;
793	793	19 (11) that a person failed to account or deliver to any
794	794	20 person any property, such as any money, fund, deposit,
795	795	21 check, draft, or other document or thing of value, that
796	796	22 has come into its hands and that is not its property or
797	797	23 that it is not in law or equity entitled to retain, under
798	798	24 the circumstances and at the time which has been agreed
799	799	25 upon or is required by law or, in the absence of a fixed
800	800	26 time, upon demand of the person for such accounting and
801	801
802	802
803	803
804	804
805	805
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807	807
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811	811	1 delivery;
812	812	2 (12) that a person failed to disburse funds in
813	813	3 accordance with agreements or law;
814	814	4 (13) that a person had a license, or the equivalent,
815	815	5 to practice any profession, occupation, other industry or
816	816	6 activity requiring licensure revoked, suspended,
817	817	7 disciplined, or otherwise acted against, including the
818	818	8 denial of licensure by a licensing authority of this State
819	819	9 or another state, territory, or country for fraud,
820	820	10 dishonest dealing, misrepresentations, incompetence,
821	821	11 conversion, any act of moral turpitude or any other
822	822	12 grounds that would constitute grounds for discipline under
823	823	13 this Act;
824	824	14 (14) that a person licensed under this Act failed to
825	825	15 timely notify the Department that such person has been
826	826	16 disciplined, including denial of licensure, by a licensing
827	827	17 authority of this State or another state. Timely
828	828	18 notification shall be notification to the Department
829	829	19 within 10 days of entry of discipline;
830	830	20 (15) that a person engaged in activities regulated by
831	831	21 the Act without a current, active license unless
832	832	22 specifically exempted by this Act;
833	833	23 (16) that a person failed to timely pay any fee,
834	834	24 charge, or civil penalty assessed under this Act; and
835	835	25 (17) that a person refused, obstructed, evaded, or
836	836	26 unreasonably delayed an investigation, information
837	837
838	838
839	839
840	840
841	841
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843	843
844	844
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847	847	1 request, or examination authorized under this Act, or
848	848	2 refused, obstructed, evaded, or unreasonably delayed
849	849	3 compliance with the Secretary's subpoena or subpoena duces
850	850	4 tecum.
851	851	5 (c) No license shall be suspended or revoked, except as
852	852	6 provided in this Section, nor shall any licensee be assessed a
853	853	7 civil penalty without notice of his or her right to a hearing.
854	854	8 (d) The Secretary may suspend any license for a period not
855	855	9 exceeding 180 days pending investigation for good cause shown
856	856	10 that an emergency exists.
857	857	11 (e) No revocation, suspension, or surrender of any license
858	858	12 shall impair or affect the obligation of any pre-existing
859	859	13 lawful contract between the licensee and any person. The
860	860	14 Secretary's approval of a licensee's application to surrender
861	861	15 its license shall not affect the licensee's civil or criminal
862	862	16 liability for acts committed prior to surrender. Surrender of
863	863	17 a license does not entitle the licensee to a return of any part
864	864	18 of the license fee.
865	865	19 (f) Every license issued under this Act shall remain in
866	866	20 force and effect until the license expires, is surrendered, is
867	867	21 revoked, or is suspended in accordance with the provisions of
868	868	22 this Act. The Secretary shall have authority to reinstate a
869	869	23 suspended license or to issue a new license to a licensee whose
870	870	24 license has been revoked or surrendered if no fact or
871	871	25 condition then exists which would have warranted the Secretary
872	872	26 in refusing originally to issue that license under this Act.
873	873
874	874
875	875
876	876
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879	879
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883	883	1 (g) Whenever the Secretary imposes discipline authorized
884	884	2 by this Section, the Secretary shall execute a written order
885	885	3 to that effect. The Secretary shall serve a copy of the order
886	886	4 upon the person. The Secretary shall serve the person with
887	887	5 notice of the order, including a statement of the reasons for
888	888	6 the order personally or by certified mail. Service by
889	889	7 certified mail shall be deemed completed when the notice is
890	890	8 deposited in the U.S. Mail.
891	891	9 (h) An order assessing a civil penalty, an order revoking
892	892	10 or suspending a license, or an order denying renewal of a
893	893	11 license shall take effect upon service of the order unless the
894	894	12 licensee serves the Department with a written request for a
895	895	13 hearing in the manner required by the order within 10 days
896	896	14 after the date of service of the order. If a person requests a
897	897	15 hearing, the order shall be stayed from its date of service
898	898	16 until the Department enters a final administrative order.
899	899	17 Hearings shall be conducted as follows:
900	900	18 (1) If the licensee requests a hearing, then the
901	901	19 Secretary shall schedule a hearing within 90 days after
902	902	20 the request for a hearing unless otherwise agreed to by
903	903	21 the parties.
904	904	22 (2) The hearing shall be held at the time and place
905	905	23 designated by the Secretary. The Secretary and any
906	906	24 administrative law judge designated by the Secretary shall
907	907	25 have the power to administer oaths and affirmations,
908	908	26 subpoena witnesses and compel their attendance, take
909	909
910	910
911	911
912	912
913	913
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915	915
916	916
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919	919	1 evidence, and require the production of books, papers,
920	920	2 correspondence, and other records or information that they
921	921	3 consider relevant or material to the inquiry.
922	922	4 (i) The costs of administrative hearings conducted under
923	923	5 this Section shall be paid by the licensee or other person
924	924	6 subject to the hearing.
925	925	7 (j) A licensee and other persons subject to this Act shall
926	926	8 be subject to the disciplinary actions specified in this Act
927	927	9 for any violations conducted by any officer, director,
928	928	10 shareholder, joint venture, partner, owner, including, but not
929	929	11 limited to ultimate equitable owner.
930	930	12 Section 85. Investigation of complaints. The Secretary may
931	931	13 investigate any complaints and inquiries made concerning this
932	932	14 Act and any licensees or persons the Secretary believes may
933	933	15 require a license under this Act. Each licensee or person the
934	934	16 Secretary believes may require a license under this Act shall
935	935	17 open the licensee's or persons's books, records, documents,
936	936	18 and offices wherever situated to the Secretary as needed to
937	937	19 facilitate such investigations.
938	938	20 Section 90. Additional investigation and examination
939	939	21 authority. In addition to any authority allowed under this
940	940	22 Act, the Secretary may conduct investigations and examinations
941	941	23 as follows:
942	942	24 (1) For purposes of initial licensing, license
943	943
944	944
945	945
946	946
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949	949
950	950
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953	953	1 renewal, license suspension, license conditioning, license
954	954	2 probation, license revocation or termination, or general
955	955	3 or specific inquiry or investigation to determine
956	956	4 compliance with this Act, the Secretary may access,
957	957	5 receive, and use any books, accounts, records, files,
958	958	6 documents, information, or evidence, including, but not
959	959	7 limited to, the following:
960	960	8 (A) criminal, civil, licensure, and administrative
961	961	9 history information, including nonconviction data as
962	962	10 specified in the Criminal Code of 2012; (B) personal
963	963	11 history and experience information, including
964	964	12 independent credit reports obtained from a consumer
965	965	13 reporting agency described in Section 603(p) of the
966	966	14 federal Fair Credit Reporting Act; and (C) any other
967	967	15 documents, information, or evidence the Secretary
968	968	16 deems relevant to the inquiry or investigation,
969	969	17 regardless of the location, possession, control, or
970	970	18 custody of the documents, information, or evidence.
971	971	19 (2) For the purposes of investigating violations or
972	972	20 complaints arising under this Act or for the purposes of
973	973	21 examination, the Secretary may review, investigate, or
974	974	22 examine any licensee, individual, or person subject to
975	975	23 this Act as often as necessary in order to carry out the
976	976	24 purposes of this Act. The Secretary may direct, subpoena,
977	977	25 or order the attendance of, and examine under oath all
978	978	26 persons and order any person to produce records, files,
979	979
980	980
981	981
982	982
983	983
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985	985
986	986
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989	989	1 and any other documents the Secretary deems relevant to an
990	990	2 inquiry.
991	991	3 (3) Each person subject to this Act shall make
992	992	4 available to the Secretary upon request the books and
993	993	5 records relating to the operations of the person subject
994	994	6 to this Act. The Secretary shall have access to those
995	995	7 books and records and may interview the owners, officers,
996	996	8 principals, employees, independent contractors, agents,
997	997	9 vendors, and customers of any licensee or person subject
998	998	10 to this Act.
999	999	11 (4) Each person subject to this Act shall make or
1000	1000	12 compile reports or prepare other information as directed
1001	1001	13 by the Secretary to carry out the purposes of this
1002	1002	14 Section, including, but not limited to:
1003	1003	15 (A) accounting compilations;
1004	1004	16 (B) information lists and data concerning
1005	1005	17 transactions in a format prescribed by the Secretary;
1006	1006	18 or
1007	1007	19 (C) other information deemed necessary to carry
1008	1008	20 out the purposes of this Section.
1009	1009	21 (5) In making any examination or investigation
1010	1010	22 authorized by this Act, the Secretary may control access
1011	1011	23 to any documents and records of the licensee or person
1012	1012	24 under examination or investigation. The Secretary may take
1013	1013	25 possession of the documents and records or otherwise take
1014	1014	26 constructive control of the documents. During the period
1015	1015
1016	1016
1017	1017
1018	1018
1019	1019
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1021	1021
1022	1022
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1024	1024	HB5587 - 29 - LRB103 38823 RTM 68960 b
1025	1025	1 of control, no person shall remove or alter any of the
1026	1026	2 documents or records, except pursuant to a court order or
1027	1027	3 with the consent of the Secretary. Unless the Secretary
1028	1028	4 has reasonable grounds to believe the documents or records
1029	1029	5 of the licensee have been or are at risk of being altered
1030	1030	6 or destroyed for purposes of concealing a violation of
1031	1031	7 this Act, the licensee or owner of the documents and
1032	1032	8 records shall have access to the documents or records as
1033	1033	9 necessary to conduct its ordinary business affairs.
1034	1034	10 (6) In order to carry out the purposes of this
1035	1035	11 Section, the Secretary may:
1036	1036	12 (A) retain attorneys, accountants, or other
1037	1037	13 professionals and specialists as examiners, auditors,
1038	1038	14 or investigators to conduct or assist in the conduct
1039	1039	15 of examinations or investigations;
1040	1040	16 (B) enter into agreements or relationships with
1041	1041	17 other government officials or regulatory associations
1042	1042	18 to protect consumers, improve efficiencies, and reduce
1043	1043	19 regulatory burden by sharing resources, standardized
1044	1044	20 or uniform methods or procedures, and documents,
1045	1045	21 records, information, or evidence obtained under this
1046	1046	22 Section;
1047	1047	23 (C) use, hire, contract, or employ publicly or
1048	1048	24 privately available analytical systems, methods, or
1049	1049	25 software to examine or investigate the licensee,
1050	1050	26 individual, or person subject to this Act;
1051	1051
1052	1052
1053	1053
1054	1054
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1057	1057
1058	1058
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1061	1061	1 (D) accept and rely on examination or
1062	1062	2 investigation reports made by other government
1063	1063	3 officials, within or outside this State; or
1064	1064	4 (E) accept audit reports made by an independent
1065	1065	5 certified public accountant for the person subject to
1066	1066	6 this Act and may incorporate the audit report in the
1067	1067	7 report of the examination, report of investigation, or
1068	1068	8 other writing of the Secretary.
1069	1069	9 (7) The authority of this Section shall remain in
1070	1070	10 effect, whether such a person subject to this Act acts or
1071	1071	11 claims to act under any licensing or registration law of
1072	1072	12 this State or claims to act without such authority.
1073	1073	13 (8) No licensee or person subject to investigation or
1074	1074	14 examination under this Section may knowingly withhold,
1075	1075	15 alter, abstract, remove, mutilate, destroy, hide, or
1076	1076	16 conceal any books, records, computer records, or other
1077	1077	17 information or take actions designed to delay or
1078	1078	18 complicate review of records.
1079	1079	19 Section 95. Confidentiality. To promote more effective
1080	1080	20 regulation, protect consumers, and reduce regulatory burden
1081	1081	21 through inter-regulatory sharing of confidential supervisory
1082	1082	22 information:
1083	1083	23 (1) The privacy or confidentiality of any information
1084	1084	24 or material provided to a multistate licensing system,
1085	1085	25 including all privileges arising under federal or state
1086	1086
1087	1087
1088	1088
1089	1089
1090	1090
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1092	1092
1093	1093
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1096	1096	1 court rules and law, shall continue to apply to such
1097	1097	2 information or material after the information or material
1098	1098	3 has been disclosed to the multistate licensing system.
1099	1099	4 Information and material may be shared with a multistate
1100	1100	5 licensing system, federal and state regulatory officials
1101	1101	6 with relevant oversight authority, and law enforcement
1102	1102	7 without the loss of privilege or the loss of
1103	1103	8 confidentiality protections.
1104	1104	9 (2) The Secretary is authorized to enter into
1105	1105	10 agreements or sharing arrangements with other governmental
1106	1106	11 agencies, the Conference of State Bank Supervisors, and
1107	1107	12 other associations representing governmental agencies.
1108	1108	13 (3) Information or material that is privileged or
1109	1109	14 confidential under this Act as determined by the Secretary
1110	1110	15 is not subject to the following:
1111	1111	16 (A) disclosure under any State law governing the
1112	1112	17 disclosure to the public of information held by an
1113	1113	18 officer or an agency of the State; or
1114	1114	19 (B) subpoena, discovery, or admission into
1115	1115	20 evidence, in any private civil action or
1116	1116	21 administrative process except as authorized by the
1117	1117	22 Secretary.
1118	1118	23 (4) Any other law relating to the disclosure of
1119	1119	24 confidential supervisory information that is inconsistent
1120	1120	25 with this Act shall be superseded by the requirements of
1121	1121	26 this Section to the extent the other law provides less
1122	1122
1123	1123
1124	1124
1125	1125
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1128	1128
1129	1129
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1132	1132	1 confidentiality or a weaker privilege for information that
1133	1133	2 is privileged or confidential pursuant to this Act.
1134	1134	3 (5) Confidential or privileged information received
1135	1135	4 from a multistate licensing system, another licensing
1136	1136	5 body, federal and state regulatory officials, or law
1137	1137	6 enforcement shall be protected to the same extent as the
1138	1138	7 Secretary's confidential and privileged information is
1139	1139	8 protected pursuant to this Act. The Secretary may also
1140	1140	9 protect from disclosure confidential or privileged
1141	1141	10 information that would be exempt from disclosure to the
1142	1142	11 extent it is held directly by the multistate licensing
1143	1143	12 system, another licensing body, federal and state
1144	1144	13 regulatory officials, or law enforcement.
1145	1145	14 Section 100. Appeal and review.
1146	1146	15 (a) The Secretary may, in accordance with the Illinois
1147	1147	16 Administrative Procedure Act, adopt rules to provide for
1148	1148	17 review within the Department of their decisions affecting the
1149	1149	18 rights of persons under this Act. The review shall provide
1150	1150	19 for, at a minimum:
1151	1151	20 (1) appointment of a hearing officer;
1152	1152	21 (2) appropriate procedural rules, specific deadlines
1153	1153	22 for filings, and standards of evidence and of proof; and
1154	1154	23 (3) provisions for apportioning costs among parties to
1155	1155	24 the appeal.
1156	1156	25 (b) All final agency determinations of appeals to
1157	1157
1158	1158
1159	1159
1160	1160
1161	1161
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1163	1163
1164	1164
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1166	1166	HB5587 - 33 - LRB103 38823 RTM 68960 b
1167	1167	1 decisions of the Secretary may be reviewed in accordance with
1168	1168	2 and under the provisions of the Administrative Review Law.
1169	1169	3 Appeals from all final orders and judgments entered by a court
1170	1170	4 in review of any final administrative decision of the
1171	1171	5 Secretary or of any final agency review of a decision of the
1172	1172	6 Secretary may be taken as in other civil cases.
1173	1173	7 Section 105. Licensure fees.
1174	1174	8 (a) The fee for initial licensure is $2,500. The fee is
1175	1175	9 nonrefundable.
1176	1176	10 (b) The fee for annual application renewal is $2,500. The
1177	1177	11 fee is nonrefundable.
1178	1178	12 (c) The Department shall impose a contingent fee
1179	1179	13 sufficient to cover its operating expenses in administering
1180	1180	14 this Act not otherwise covered by all other revenue collected
1181	1181	15 pursuant to this Act. Each licensee shall pay to the Division
1182	1182	16 its pro rata share, based on number or volume of transactions
1183	1183	17 or revenue, of the cost for administration of the Act that
1184	1184	18 exceeds other fees listed in this Section, as estimated by the
1185	1185	19 Division, for the current year and any deficit actually
1186	1186	20 incurred in the administration of the Act in prior years.
1187	1187	21 Section 110. Cease and desist order.
1188	1188	22 (a) The Secretary may issue a cease and desist order to any
1189	1189	23 licensee or person doing business without the required
1190	1190	24 license, when in the opinion of the Secretary the licensee or
1191	1191
1192	1192
1193	1193
1194	1194
1195	1195
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1197	1197
1198	1198
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1201	1201	1 other person has violated, is violating, or is about to
1202	1202	2 violate any provision of this Act or any rule adopted by the
1203	1203	3 Department pursuant to this Act or any requirement imposed in
1204	1204	4 writing by the Department as a condition of granting any
1205	1205	5 authorization permitted by this Act. The cease and desist
1206	1206	6 order authorized by this Section may be issued prior to a
1207	1207	7 hearing.
1208	1208	8 (b) The Secretary shall serve notice of the cease and
1209	1209	9 desist order, either personally or by certified mail. Service
1210	1210	10 by certified mail shall be deemed completed when the notice is
1211	1211	11 deposited in the U.S. Mail. The Secretary's notice shall
1212	1212	12 include a statement of the reasons for the action.
1213	1213	13 (c) Within 10 days of service of the cease and desist
1214	1214	14 order, the person subject to the cease and desist order may
1215	1215	15 request a hearing in writing. The Secretary shall schedule a
1216	1216	16 preliminary hearing within 60 days of the request for a
1217	1217	17 hearing unless the parties agree to a later date.
1218	1218	18 (d) If it is determined that the Secretary had the
1219	1219	19 authority to issue the cease and desist order, the Secretary
1220	1220	20 may issue such orders as may be reasonably necessary to
1221	1221	21 correct, eliminate, deter, or remedy the conduct described in
1222	1222	22 the order and resulting harms.
1223	1223	23 (e) The powers vested in the Secretary by this Section are
1224	1224	24 additional to all other powers and remedies vested in the
1225	1225	25 Secretary by any law. Nothing in this Section shall be
1226	1226	26 construed as requiring that the Secretary must employ the
1227	1227
1228	1228
1229	1229
1230	1230
1231	1231
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1233	1233
1234	1234
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1237	1237	1 power conferred in this Section instead of or as a condition
1238	1238	2 precedent to the exercise of any other power or remedy vested
1239	1239	3 in the Secretary.
1240	1240	4 Section 115. Injunctions. The Secretary may maintain an
1241	1241	5 action in the name of the people of the State of Illinois and
1242	1242	6 may apply for an injunction in the circuit court to enjoin a
1243	1243	7 person from violating this Act or its implementing rules
1244	1244	8 through the Attorney General.
1245	1245	9 Section 120. Exemptions. This Act does not apply to, and
1246	1246	10 does not place any additional requirements or obligations
1247	1247	11 upon, any of the following:
1248	1248	12 (a) a bank, trust company, or industrial loan company
1249	1249	13 doing business under the authority of, or in accordance
1250	1250	14 with, a license, certificate or charter issued by the
1251	1251	15 United States, this State, or any other state, district,
1252	1252	16 territory, or commonwealth of the United States that is
1253	1253	17 authorized to transact business in this State;
1254	1254	18 (b) a federally chartered savings and loan
1255	1255	19 association, federal savings bank, or federal credit union
1256	1256	20 that is authorized to transact business in this State;
1257	1257	21 (c) a savings and loan association, savings bank, or
1258	1258	22 credit union organized under the laws of this State or any
1259	1259	23 other state that is authorized to transact business in
1260	1260	24 this State;
1261	1261
1262	1262
1263	1263
1264	1264
1265	1265
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1267	1267
1268	1268
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1271	1271	1 (d) a person acting in the person's capacity as a
1272	1272	2 technology services provider to an entity exempt under
1273	1273	3 this Section for use as part of the exempt entity's
1274	1274	4 commercial financing program, provided such person has no
1275	1275	5 interest, or arrangement, or agreement to purchase any
1276	1276	6 interest in the commercial financing extended by the
1277	1277	7 exempt entity in connection with such program;
1278	1278	8 (e) a lender regulated under the federal Farm Credit
1279	1279	9 Act;
1280	1280	10 (f) a commercial financing transaction secured by real
1281	1281	11 property;
1282	1282	12 (g) a lease as defined in the Uniform Commercial Code;
1283	1283	13 or
1284	1284	14 (h) any person or Provider who makes no more than 5
1285	1285	15 commercial financing transactions in this State in a
1286	1286	16 12-month period.
1287	1287	17 Section 125. Complaint disclosure. All commercial
1288	1288	18 financing shall include a clear and conspicuous notice on how
1289	1289	19 to file a complaint with the Department.
1290	1290	20 Section 130. Rules. The Secretary may adopt rules to enact
1291	1291	21 and enforce this Act, including, but not limited to:
1292	1292	22 (1) rules defining the terms used in this Act and as
1293	1293	23 may be necessary and appropriate to interpret and
1294	1294	24 implement the provisions of this Act;
1295	1295
1296	1296
1297	1297
1298	1298
1299	1299
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1301	1301
1302	1302
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1305	1305	1 (2) rules for the enforcement and administration of
1306	1306	2 this Act;
1307	1307	3 (3) rules for the protection of consumers and
1308	1308	4 recipients in this State;
1309	1309	5 (4) rules defining improper or fraudulent business
1310	1310	6 practices in connection with commercial financing; or
1311	1311	7 (5) rules charging and collecting fees necessary to
1312	1312	8 cover the costs of administering this Act, including, but
1313	1313	9 not limited to registration, investigation, and
1314	1314	10 examination fees.
1315	1315	11 (6) rules to implement Section 150 of this Act.
1316	1316	12 Section 135. Violations.
1317	1317	13 (a) Nothing in this Act shall be construed to restrict the
1318	1318	14 exercise of powers or the performance of the duties that the
1319	1319	15 Attorney General is authorized to exercise or perform by law.
1320	1320	16 (b) Any violation of this Act constitutes an unlawful
1321	1321	17 practice in violation of the Consumer Fraud and Deceptive
1322	1322	18 Business Practices Act. The Attorney General may enforce a
1323	1323	19 violation of this Act as an unlawful practice under the
1324	1324	20 Consumer Fraud and Deceptive Business Practices Act.
1325	1325	21 Section 140. Severability. The provisions of this Act are
1326	1326	22 severable under Section 1.31 of the Statute on Statutes.
1327	1327	23 Section 145. Beginning of licensure. No person shall be
1328	1328
1329	1329
1330	1330
1331	1331
1332	1332
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1334	1334
1335	1335
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1338	1338	1 required to apply for or obtain a license pursuant to this Act
1339	1339	2 before January 1, 2025 or 60 days after the Department makes a
1340	1340	3 license application process available, whichever is later.
1341	1341	4 Section 150. Commercial financing database.
1342	1342	5 (a) A commercial financing database program is established
1343	1343	6 within the Department. The program shall be administered in
1344	1344	7 accordance with this Section. None of the duties, obligations,
1345	1345	8 contingencies, or consequences of or from the program shall be
1346	1346	9 imposed until 6 months after the Department certifies a
1347	1347	10 commercial financing database pursuant to subsection (b). The
1348	1348	11 program shall apply to all commercial financings that are
1349	1349	12 governed by this Act and that are made or taken on or after the
1350	1350	13 inception of the program.
1351	1351	14 (b) The Department shall certify that one or more
1352	1352	15 commercial financing databases are commercially reasonable
1353	1353	16 methods of reporting. Upon certifying that a commercial
1354	1354	17 financing database is a commercially reasonable method of
1355	1355	18 reporting, the Department shall:
1356	1356	19 (1) provide reasonable notice to all licensees
1357	1357	20 identifying the commercially reasonable methods of
1358	1358	21 reporting that are available; and
1359	1359	22 (2) immediately upon certification, require each
1360	1360	23 licensee to use a commercially reasonable method of
1361	1361	24 reporting as a means of complying with subsection (d) of
1362	1362	25 this Section.
1363	1363
1364	1364
1365	1365
1366	1366
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1369	1369
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1373	1373	1 (c) The database created under this program shall be
1374	1374	2 maintained and administered by the Department. The database
1375	1375	3 shall be designed to allow providers to submit information to
1376	1376	4 the database online. The database shall not be designed to
1377	1377	5 allow providers to retrieve information from the database,
1378	1378	6 except as otherwise provided in this Act.
1379	1379	7 (d) Within 30 days after providing funds to a recipient,
1380	1380	8 the provider must submit to the commercial financing database
1381	1381	9 the information delineated in this subsection. If at the time
1382	1382	10 funds are provided to a recipient, certain information data
1383	1383	11 delineated in this subsection is not known, the provider must
1384	1384	12 submit the following data to the commercial financing database
1385	1385	13 within 30 days of the data becoming ascertainable:
1386	1386	14 (1) FEIN for the recipient;
1387	1387	15 (2) zip code of the recipient;
1388	1388	16 (3) origination date of the commercial financing;
1389	1389	17 (4) description of collateral, if any, securing
1390	1390	18 commercial financing;
1391	1391	19 (5) term, if any, of the commercial financing at the
1392	1392	20 time of origination;
1393	1393	21 (6) in the case of commercial financing without a
1394	1394	22 specific term at the time of origination, the actual term
1395	1395	23 of the commercial financing when known;
1396	1396	24 (7) financing amount, if applicable;
1397	1397	25 (8) maximum amount of credit made available to
1398	1398	26 recipient, if applicable;
1399	1399
1400	1400
1401	1401
1402	1402
1403	1403
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1405	1405
1406	1406
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1409	1409	1 (9) the amount of the receivables purchase price paid
1410	1410	2 to the recipient and, if different from the purchase
1411	1411	3 price, the amount disbursed to the recipient after any
1412	1412	4 amount deducted or withheld at disbursement, if
1413	1413	5 applicable;
1414	1414	6 (10) the amount scheduled to be drawn by the recipient
1415	1415	7 at the time the offer is extended, if applicable;
1416	1416	8 (11) all fees charged to the recipient at or before
1417	1417	9 the origination date of the commercial financing;
1418	1418	10 (12) all fees, charges, and interest scheduled to be
1419	1419	11 charged over the term of the commercial financing, if
1420	1420	12 applicable;
1421	1421	13 (13) all fees, charges, and interest scheduled to be
1422	1422	14 charged during any month where recipient has a balance on
1423	1423	15 an open-end commercial financing, if applicable; and
1424	1424	16 (14) all other information requested by the
1425	1425	17 Department.
1426	1426	18 (e) All information provided to the commercial financing
1427	1427	19 database under the program is confidential property of the
1428	1428	20 Department and is not subject to disclosure under the Freedom
1429	1429	21 of Information Act, except as otherwise provided in this Act.
1430	1430	22 Information or documents obtained by employees of the
1431	1431	23 Department in the course of maintaining and administering the
1432	1432	24 commercial financing database are deemed confidential.
1433	1433	25 Employees are prohibited from making disclosure of such
1434	1434	26 confidential information or documents. Any request for
1435	1435
1436	1436
1437	1437
1438	1438
1439	1439
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1441	1441
1442	1442
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1445	1445	1 production of information from the commercial financing
1446	1446	2 database, whether by subpoena, notice, or any other source,
1447	1447	3 shall be referred to the Department. Any recipient may
1448	1448	4 authorize in writing the release of database information. The
1449	1449	5 Department may use the information in the database without the
1450	1450	6 consent of the recipient or the licensee:
1451	1451	7 (1) for the purposes of administering and enforcing
1452	1452	8 the program;
1453	1453	9 (2) to prepare industry-level reports; or
1454	1454	10 (3) to provide information to the appropriate law
1455	1455	11 enforcement agency or the applicable administrative agency
1456	1456	12 if the database information demonstrates criminal,
1457	1457	13 fraudulent, or otherwise illegal activity.
1458	1458	14 (f) A licensee who submits information to a certified
1459	1459	15 database provider in accordance with this Section shall not be
1460	1460	16 liable to any person for any subsequent release or disclosure
1461	1461	17 of that information by the certified database provider, the
1462	1462	18 Department, or any other person acquiring possession of the
1463	1463	19 information, regardless of whether such subsequent release or
1464	1464	20 disclosure was lawful, authorized, or intentional.
1465	1465	21 (g) In certifying a commercially reasonable method of
1466	1466	22 reporting, the Department shall ensure that the commercial
1467	1467	23 financing database:
1468	1468	24 (1) provides real-time access through an Internet
1469	1469	25 connection;
1470	1470	26 (2) is accessible to the Department and to licensees
1471	1471
1472	1472
1473	1473
1474	1474
1475	1475
1476	1476	HB5587 - 41 - LRB103 38823 RTM 68960 b
1477	1477
1478	1478
1479	1479	HB5587- 42 -LRB103 38823 RTM 68960 b HB5587 - 42 - LRB103 38823 RTM 68960 b
1480	1480	HB5587 - 42 - LRB103 38823 RTM 68960 b
1481	1481	1 in order to ensure compliance with this Act and in order to
1482	1482	2 provide any other information that the Department deems
1483	1483	3 necessary;
1484	1484	4 (3) requires licensees to input whatever information
1485	1485	5 is required by the Department;
1486	1486	6 (4) maintains a real-time copy of the required
1487	1487	7 reporting information that is available to the Department
1488	1488	8 at all times and is the property of the Department; and
1489	1489	9 (5) contains safeguards to ensure that all information
1490	1490	10 contained in the database regarding consumers is kept
1491	1491	11 strictly confidential.
1492	1492	12 (h) The certified commercial financing database may charge
1493	1493	13 a fee not to exceed $1 for each financing entered into the
1494	1494	14 database. The certified commercial financing database shall
1495	1495	15 not charge any additional fees or charges.
1496	1496	16 (i) The certified commercial financing database provider
1497	1497	17 shall produce an annual report for the Department using the
1498	1498	18 data submitted by licensees to the database. The Department
1499	1499	19 may publish this report to the public.
1500	1500	20 Section 900. The Freedom of Information Act is amended by
1501	1501	21 changing Section 7.5 as follows:
1502	1502	22 (5 ILCS 140/7.5)
1503	1503	23 (Text of Section before amendment by P.A. 103-472)
1504	1504	24 Sec. 7.5. Statutory exemptions. To the extent provided for
1505	1505
1506	1506
1507	1507
1508	1508
1509	1509
1510	1510	HB5587 - 42 - LRB103 38823 RTM 68960 b
1511	1511
1512	1512
1513	1513	HB5587- 43 -LRB103 38823 RTM 68960 b HB5587 - 43 - LRB103 38823 RTM 68960 b
1514	1514	HB5587 - 43 - LRB103 38823 RTM 68960 b
1515	1515	1 by the statutes referenced below, the following shall be
1516	1516	2 exempt from inspection and copying:
1517	1517	3 (a) All information determined to be confidential
1518	1518	4 under Section 4002 of the Technology Advancement and
1519	1519	5 Development Act.
1520	1520	6 (b) Library circulation and order records identifying
1521	1521	7 library users with specific materials under the Library
1522	1522	8 Records Confidentiality Act.
1523	1523	9 (c) Applications, related documents, and medical
1524	1524	10 records received by the Experimental Organ Transplantation
1525	1525	11 Procedures Board and any and all documents or other
1526	1526	12 records prepared by the Experimental Organ Transplantation
1527	1527	13 Procedures Board or its staff relating to applications it
1528	1528	14 has received.
1529	1529	15 (d) Information and records held by the Department of
1530	1530	16 Public Health and its authorized representatives relating
1531	1531	17 to known or suspected cases of sexually transmissible
1532	1532	18 disease or any information the disclosure of which is
1533	1533	19 restricted under the Illinois Sexually Transmissible
1534	1534	20 Disease Control Act.
1535	1535	21 (e) Information the disclosure of which is exempted
1536	1536	22 under Section 30 of the Radon Industry Licensing Act.
1537	1537	23 (f) Firm performance evaluations under Section 55 of
1538	1538	24 the Architectural, Engineering, and Land Surveying
1539	1539	25 Qualifications Based Selection Act.
1540	1540	26 (g) Information the disclosure of which is restricted
1541	1541
1542	1542
1543	1543
1544	1544
1545	1545
1546	1546	HB5587 - 43 - LRB103 38823 RTM 68960 b
1547	1547
1548	1548
1549	1549	HB5587- 44 -LRB103 38823 RTM 68960 b HB5587 - 44 - LRB103 38823 RTM 68960 b
1550	1550	HB5587 - 44 - LRB103 38823 RTM 68960 b
1551	1551	1 and exempted under Section 50 of the Illinois Prepaid
1552	1552	2 Tuition Act.
1553	1553	3 (h) Information the disclosure of which is exempted
1554	1554	4 under the State Officials and Employees Ethics Act, and
1555	1555	5 records of any lawfully created State or local inspector
1556	1556	6 general's office that would be exempt if created or
1557	1557	7 obtained by an Executive Inspector General's office under
1558	1558	8 that Act.
1559	1559	9 (i) Information contained in a local emergency energy
1560	1560	10 plan submitted to a municipality in accordance with a
1561	1561	11 local emergency energy plan ordinance that is adopted
1562	1562	12 under Section 11-21.5-5 of the Illinois Municipal Code.
1563	1563	13 (j) Information and data concerning the distribution
1564	1564	14 of surcharge moneys collected and remitted by carriers
1565	1565	15 under the Emergency Telephone System Act.
1566	1566	16 (k) Law enforcement officer identification information
1567	1567	17 or driver identification information compiled by a law
1568	1568	18 enforcement agency or the Department of Transportation
1569	1569	19 under Section 11-212 of the Illinois Vehicle Code.
1570	1570	20 (l) Records and information provided to a residential
1571	1571	21 health care facility resident sexual assault and death
1572	1572	22 review team or the Executive Council under the Abuse
1573	1573	23 Prevention Review Team Act.
1574	1574	24 (m) Information provided to the predatory lending
1575	1575	25 database created pursuant to Article 3 of the Residential
1576	1576	26 Real Property Disclosure Act, except to the extent
1577	1577
1578	1578
1579	1579
1580	1580
1581	1581
1582	1582	HB5587 - 44 - LRB103 38823 RTM 68960 b
1583	1583
1584	1584
1585	1585	HB5587- 45 -LRB103 38823 RTM 68960 b HB5587 - 45 - LRB103 38823 RTM 68960 b
1586	1586	HB5587 - 45 - LRB103 38823 RTM 68960 b
1587	1587	1 authorized under that Article.
1588	1588	2 (n) Defense budgets and petitions for certification of
1589	1589	3 compensation and expenses for court appointed trial
1590	1590	4 counsel as provided under Sections 10 and 15 of the
1591	1591	5 Capital Crimes Litigation Act (repealed). This subsection
1592	1592	6 (n) shall apply until the conclusion of the trial of the
1593	1593	7 case, even if the prosecution chooses not to pursue the
1594	1594	8 death penalty prior to trial or sentencing.
1595	1595	9 (o) Information that is prohibited from being
1596	1596	10 disclosed under Section 4 of the Illinois Health and
1597	1597	11 Hazardous Substances Registry Act.
1598	1598	12 (p) Security portions of system safety program plans,
1599	1599	13 investigation reports, surveys, schedules, lists, data, or
1600	1600	14 information compiled, collected, or prepared by or for the
1601	1601	15 Department of Transportation under Sections 2705-300 and
1602	1602	16 2705-616 of the Department of Transportation Law of the
1603	1603	17 Civil Administrative Code of Illinois, the Regional
1604	1604	18 Transportation Authority under Section 2.11 of the
1605	1605	19 Regional Transportation Authority Act, or the St. Clair
1606	1606	20 County Transit District under the Bi-State Transit Safety
1607	1607	21 Act (repealed).
1608	1608	22 (q) Information prohibited from being disclosed by the
1609	1609	23 Personnel Record Review Act.
1610	1610	24 (r) Information prohibited from being disclosed by the
1611	1611	25 Illinois School Student Records Act.
1612	1612	26 (s) Information the disclosure of which is restricted
1613	1613
1614	1614
1615	1615
1616	1616
1617	1617
1618	1618	HB5587 - 45 - LRB103 38823 RTM 68960 b
1619	1619
1620	1620
1621	1621	HB5587- 46 -LRB103 38823 RTM 68960 b HB5587 - 46 - LRB103 38823 RTM 68960 b
1622	1622	HB5587 - 46 - LRB103 38823 RTM 68960 b
1623	1623	1 under Section 5-108 of the Public Utilities Act.
1624	1624	2 (t) (Blank).
1625	1625	3 (u) Records and information provided to an independent
1626	1626	4 team of experts under the Developmental Disability and
1627	1627	5 Mental Health Safety Act (also known as Brian's Law).
1628	1628	6 (v) Names and information of people who have applied
1629	1629	7 for or received Firearm Owner's Identification Cards under
1630	1630	8 the Firearm Owners Identification Card Act or applied for
1631	1631	9 or received a concealed carry license under the Firearm
1632	1632	10 Concealed Carry Act, unless otherwise authorized by the
1633	1633	11 Firearm Concealed Carry Act; and databases under the
1634	1634	12 Firearm Concealed Carry Act, records of the Concealed
1635	1635	13 Carry Licensing Review Board under the Firearm Concealed
1636	1636	14 Carry Act, and law enforcement agency objections under the
1637	1637	15 Firearm Concealed Carry Act.
1638	1638	16 (v-5) Records of the Firearm Owner's Identification
1639	1639	17 Card Review Board that are exempted from disclosure under
1640	1640	18 Section 10 of the Firearm Owners Identification Card Act.
1641	1641	19 (w) Personally identifiable information which is
1642	1642	20 exempted from disclosure under subsection (g) of Section
1643	1643	21 19.1 of the Toll Highway Act.
1644	1644	22 (x) Information which is exempted from disclosure
1645	1645	23 under Section 5-1014.3 of the Counties Code or Section
1646	1646	24 8-11-21 of the Illinois Municipal Code.
1647	1647	25 (y) Confidential information under the Adult
1648	1648	26 Protective Services Act and its predecessor enabling
1649	1649
1650	1650
1651	1651
1652	1652
1653	1653
1654	1654	HB5587 - 46 - LRB103 38823 RTM 68960 b
1655	1655
1656	1656
1657	1657	HB5587- 47 -LRB103 38823 RTM 68960 b HB5587 - 47 - LRB103 38823 RTM 68960 b
1658	1658	HB5587 - 47 - LRB103 38823 RTM 68960 b
1659	1659	1 statute, the Elder Abuse and Neglect Act, including
1660	1660	2 information about the identity and administrative finding
1661	1661	3 against any caregiver of a verified and substantiated
1662	1662	4 decision of abuse, neglect, or financial exploitation of
1663	1663	5 an eligible adult maintained in the Registry established
1664	1664	6 under Section 7.5 of the Adult Protective Services Act.
1665	1665	7 (z) Records and information provided to a fatality
1666	1666	8 review team or the Illinois Fatality Review Team Advisory
1667	1667	9 Council under Section 15 of the Adult Protective Services
1668	1668	10 Act.
1669	1669	11 (aa) Information which is exempted from disclosure
1670	1670	12 under Section 2.37 of the Wildlife Code.
1671	1671	13 (bb) Information which is or was prohibited from
1672	1672	14 disclosure by the Juvenile Court Act of 1987.
1673	1673	15 (cc) Recordings made under the Law Enforcement
1674	1674	16 Officer-Worn Body Camera Act, except to the extent
1675	1675	17 authorized under that Act.
1676	1676	18 (dd) Information that is prohibited from being
1677	1677	19 disclosed under Section 45 of the Condominium and Common
1678	1678	20 Interest Community Ombudsperson Act.
1679	1679	21 (ee) Information that is exempted from disclosure
1680	1680	22 under Section 30.1 of the Pharmacy Practice Act.
1681	1681	23 (ff) Information that is exempted from disclosure
1682	1682	24 under the Revised Uniform Unclaimed Property Act.
1683	1683	25 (gg) Information that is prohibited from being
1684	1684	26 disclosed under Section 7-603.5 of the Illinois Vehicle
1685	1685
1686	1686
1687	1687
1688	1688
1689	1689
1690	1690	HB5587 - 47 - LRB103 38823 RTM 68960 b
1691	1691
1692	1692
1693	1693	HB5587- 48 -LRB103 38823 RTM 68960 b HB5587 - 48 - LRB103 38823 RTM 68960 b
1694	1694	HB5587 - 48 - LRB103 38823 RTM 68960 b
1695	1695	1 Code.
1696	1696	2 (hh) Records that are exempt from disclosure under
1697	1697	3 Section 1A-16.7 of the Election Code.
1698	1698	4 (ii) Information which is exempted from disclosure
1699	1699	5 under Section 2505-800 of the Department of Revenue Law of
1700	1700	6 the Civil Administrative Code of Illinois.
1701	1701	7 (jj) Information and reports that are required to be
1702	1702	8 submitted to the Department of Labor by registering day
1703	1703	9 and temporary labor service agencies but are exempt from
1704	1704	10 disclosure under subsection (a-1) of Section 45 of the Day
1705	1705	11 and Temporary Labor Services Act.
1706	1706	12 (kk) Information prohibited from disclosure under the
1707	1707	13 Seizure and Forfeiture Reporting Act.
1708	1708	14 (ll) Information the disclosure of which is restricted
1709	1709	15 and exempted under Section 5-30.8 of the Illinois Public
1710	1710	16 Aid Code.
1711	1711	17 (mm) Records that are exempt from disclosure under
1712	1712	18 Section 4.2 of the Crime Victims Compensation Act.
1713	1713	19 (nn) Information that is exempt from disclosure under
1714	1714	20 Section 70 of the Higher Education Student Assistance Act.
1715	1715	21 (oo) Communications, notes, records, and reports
1716	1716	22 arising out of a peer support counseling session
1717	1717	23 prohibited from disclosure under the First Responders
1718	1718	24 Suicide Prevention Act.
1719	1719	25 (pp) Names and all identifying information relating to
1720	1720	26 an employee of an emergency services provider or law
1721	1721
1722	1722
1723	1723
1724	1724
1725	1725
1726	1726	HB5587 - 48 - LRB103 38823 RTM 68960 b
1727	1727
1728	1728
1729	1729	HB5587- 49 -LRB103 38823 RTM 68960 b HB5587 - 49 - LRB103 38823 RTM 68960 b
1730	1730	HB5587 - 49 - LRB103 38823 RTM 68960 b
1731	1731	1 enforcement agency under the First Responders Suicide
1732	1732	2 Prevention Act.
1733	1733	3 (qq) Information and records held by the Department of
1734	1734	4 Public Health and its authorized representatives collected
1735	1735	5 under the Reproductive Health Act.
1736	1736	6 (rr) Information that is exempt from disclosure under
1737	1737	7 the Cannabis Regulation and Tax Act.
1738	1738	8 (ss) Data reported by an employer to the Department of
1739	1739	9 Human Rights pursuant to Section 2-108 of the Illinois
1740	1740	10 Human Rights Act.
1741	1741	11 (tt) Recordings made under the Children's Advocacy
1742	1742	12 Center Act, except to the extent authorized under that
1743	1743	13 Act.
1744	1744	14 (uu) Information that is exempt from disclosure under
1745	1745	15 Section 50 of the Sexual Assault Evidence Submission Act.
1746	1746	16 (vv) Information that is exempt from disclosure under
1747	1747	17 subsections (f) and (j) of Section 5-36 of the Illinois
1748	1748	18 Public Aid Code.
1749	1749	19 (ww) Information that is exempt from disclosure under
1750	1750	20 Section 16.8 of the State Treasurer Act.
1751	1751	21 (xx) Information that is exempt from disclosure or
1752	1752	22 information that shall not be made public under the
1753	1753	23 Illinois Insurance Code.
1754	1754	24 (yy) Information prohibited from being disclosed under
1755	1755	25 the Illinois Educational Labor Relations Act.
1756	1756	26 (zz) Information prohibited from being disclosed under
1757	1757
1758	1758
1759	1759
1760	1760
1761	1761
1762	1762	HB5587 - 49 - LRB103 38823 RTM 68960 b
1763	1763
1764	1764
1765	1765	HB5587- 50 -LRB103 38823 RTM 68960 b HB5587 - 50 - LRB103 38823 RTM 68960 b
1766	1766	HB5587 - 50 - LRB103 38823 RTM 68960 b
1767	1767	1 the Illinois Public Labor Relations Act.
1768	1768	2 (aaa) Information prohibited from being disclosed
1769	1769	3 under Section 1-167 of the Illinois Pension Code.
1770	1770	4 (bbb) Information that is prohibited from disclosure
1771	1771	5 by the Illinois Police Training Act and the Illinois State
1772	1772	6 Police Act.
1773	1773	7 (ccc) Records exempt from disclosure under Section
1774	1774	8 2605-304 of the Illinois State Police Law of the Civil
1775	1775	9 Administrative Code of Illinois.
1776	1776	10 (ddd) Information prohibited from being disclosed
1777	1777	11 under Section 35 of the Address Confidentiality for
1778	1778	12 Victims of Domestic Violence, Sexual Assault, Human
1779	1779	13 Trafficking, or Stalking Act.
1780	1780	14 (eee) Information prohibited from being disclosed
1781	1781	15 under subsection (b) of Section 75 of the Domestic
1782	1782	16 Violence Fatality Review Act.
1783	1783	17 (fff) Images from cameras under the Expressway Camera
1784	1784	18 Act. This subsection (fff) is inoperative on and after
1785	1785	19 July 1, 2025.
1786	1786	20 (ggg) Information prohibited from disclosure under
1787	1787	21 paragraph (3) of subsection (a) of Section 14 of the Nurse
1788	1788	22 Agency Licensing Act.
1789	1789	23 (hhh) Information submitted to the Illinois State
1790	1790	24 Police in an affidavit or application for an assault
1791	1791	25 weapon endorsement, assault weapon attachment endorsement,
1792	1792	26 .50 caliber rifle endorsement, or .50 caliber cartridge
1793	1793
1794	1794
1795	1795
1796	1796
1797	1797
1798	1798	HB5587 - 50 - LRB103 38823 RTM 68960 b
1799	1799
1800	1800
1801	1801	HB5587- 51 -LRB103 38823 RTM 68960 b HB5587 - 51 - LRB103 38823 RTM 68960 b
1802	1802	HB5587 - 51 - LRB103 38823 RTM 68960 b
1803	1803	1 endorsement under the Firearm Owners Identification Card
1804	1804	2 Act.
1805	1805	3 (iii) Data exempt from disclosure under Section 50 of
1806	1806	4 the School Safety Drill Act.
1807	1807	5 (jjj) (hhh) Information exempt from disclosure under
1808	1808	6 Section 30 of the Insurance Data Security Law.
1809	1809	7 (kkk) (iii) Confidential business information
1810	1810	8 prohibited from disclosure under Section 45 of the Paint
1811	1811	9 Stewardship Act.
1812	1812	10 (lll) (Reserved).
1813	1813	11 (mmm) (iii) Information prohibited from being
1814	1814	12 disclosed under subsection (e) of Section 1-129 of the
1815	1815	13 Illinois Power Agency Act.
1816	1816	14 (nnn) Information exempt from disclosure under Section
1817	1817	15 150 of the Consumer Financing Licensing Act.
1818	1818	16 (Source: P.A. 102-36, eff. 6-25-21; 102-237, eff. 1-1-22;
1819	1819	17 102-292, eff. 1-1-22; 102-520, eff. 8-20-21; 102-559, eff.
1820	1820	18 8-20-21; 102-813, eff. 5-13-22; 102-946, eff. 7-1-22;
1821	1821	19 102-1042, eff. 6-3-22; 102-1116, eff. 1-10-23; 103-8, eff.
1822	1822	20 6-7-23; 103-34, eff. 6-9-23; 103-142, eff. 1-1-24; 103-372,
1823	1823	21 eff. 1-1-24; 103-508, eff. 8-4-23; 103-580, eff. 12-8-23;
1824	1824	22 revised 1-2-24.)
1825	1825	23 (Text of Section after amendment by P.A. 103-472)
1826	1826	24 Sec. 7.5. Statutory exemptions. To the extent provided for
1827	1827	25 by the statutes referenced below, the following shall be
1828	1828
1829	1829
1830	1830
1831	1831
1832	1832
1833	1833	HB5587 - 51 - LRB103 38823 RTM 68960 b
1834	1834
1835	1835
1836	1836	HB5587- 52 -LRB103 38823 RTM 68960 b HB5587 - 52 - LRB103 38823 RTM 68960 b
1837	1837	HB5587 - 52 - LRB103 38823 RTM 68960 b
1838	1838	1 exempt from inspection and copying:
1839	1839	2 (a) All information determined to be confidential
1840	1840	3 under Section 4002 of the Technology Advancement and
1841	1841	4 Development Act.
1842	1842	5 (b) Library circulation and order records identifying
1843	1843	6 library users with specific materials under the Library
1844	1844	7 Records Confidentiality Act.
1845	1845	8 (c) Applications, related documents, and medical
1846	1846	9 records received by the Experimental Organ Transplantation
1847	1847	10 Procedures Board and any and all documents or other
1848	1848	11 records prepared by the Experimental Organ Transplantation
1849	1849	12 Procedures Board or its staff relating to applications it
1850	1850	13 has received.
1851	1851	14 (d) Information and records held by the Department of
1852	1852	15 Public Health and its authorized representatives relating
1853	1853	16 to known or suspected cases of sexually transmissible
1854	1854	17 disease or any information the disclosure of which is
1855	1855	18 restricted under the Illinois Sexually Transmissible
1856	1856	19 Disease Control Act.
1857	1857	20 (e) Information the disclosure of which is exempted
1858	1858	21 under Section 30 of the Radon Industry Licensing Act.
1859	1859	22 (f) Firm performance evaluations under Section 55 of
1860	1860	23 the Architectural, Engineering, and Land Surveying
1861	1861	24 Qualifications Based Selection Act.
1862	1862	25 (g) Information the disclosure of which is restricted
1863	1863	26 and exempted under Section 50 of the Illinois Prepaid
1864	1864
1865	1865
1866	1866
1867	1867
1868	1868
1869	1869	HB5587 - 52 - LRB103 38823 RTM 68960 b
1870	1870
1871	1871
1872	1872	HB5587- 53 -LRB103 38823 RTM 68960 b HB5587 - 53 - LRB103 38823 RTM 68960 b
1873	1873	HB5587 - 53 - LRB103 38823 RTM 68960 b
1874	1874	1 Tuition Act.
1875	1875	2 (h) Information the disclosure of which is exempted
1876	1876	3 under the State Officials and Employees Ethics Act, and
1877	1877	4 records of any lawfully created State or local inspector
1878	1878	5 general's office that would be exempt if created or
1879	1879	6 obtained by an Executive Inspector General's office under
1880	1880	7 that Act.
1881	1881	8 (i) Information contained in a local emergency energy
1882	1882	9 plan submitted to a municipality in accordance with a
1883	1883	10 local emergency energy plan ordinance that is adopted
1884	1884	11 under Section 11-21.5-5 of the Illinois Municipal Code.
1885	1885	12 (j) Information and data concerning the distribution
1886	1886	13 of surcharge moneys collected and remitted by carriers
1887	1887	14 under the Emergency Telephone System Act.
1888	1888	15 (k) Law enforcement officer identification information
1889	1889	16 or driver identification information compiled by a law
1890	1890	17 enforcement agency or the Department of Transportation
1891	1891	18 under Section 11-212 of the Illinois Vehicle Code.
1892	1892	19 (l) Records and information provided to a residential
1893	1893	20 health care facility resident sexual assault and death
1894	1894	21 review team or the Executive Council under the Abuse
1895	1895	22 Prevention Review Team Act.
1896	1896	23 (m) Information provided to the predatory lending
1897	1897	24 database created pursuant to Article 3 of the Residential
1898	1898	25 Real Property Disclosure Act, except to the extent
1899	1899	26 authorized under that Article.
1900	1900
1901	1901
1902	1902
1903	1903
1904	1904
1905	1905	HB5587 - 53 - LRB103 38823 RTM 68960 b
1906	1906
1907	1907
1908	1908	HB5587- 54 -LRB103 38823 RTM 68960 b HB5587 - 54 - LRB103 38823 RTM 68960 b
1909	1909	HB5587 - 54 - LRB103 38823 RTM 68960 b
1910	1910	1 (n) Defense budgets and petitions for certification of
1911	1911	2 compensation and expenses for court appointed trial
1912	1912	3 counsel as provided under Sections 10 and 15 of the
1913	1913	4 Capital Crimes Litigation Act (repealed). This subsection
1914	1914	5 (n) shall apply until the conclusion of the trial of the
1915	1915	6 case, even if the prosecution chooses not to pursue the
1916	1916	7 death penalty prior to trial or sentencing.
1917	1917	8 (o) Information that is prohibited from being
1918	1918	9 disclosed under Section 4 of the Illinois Health and
1919	1919	10 Hazardous Substances Registry Act.
1920	1920	11 (p) Security portions of system safety program plans,
1921	1921	12 investigation reports, surveys, schedules, lists, data, or
1922	1922	13 information compiled, collected, or prepared by or for the
1923	1923	14 Department of Transportation under Sections 2705-300 and
1924	1924	15 2705-616 of the Department of Transportation Law of the
1925	1925	16 Civil Administrative Code of Illinois, the Regional
1926	1926	17 Transportation Authority under Section 2.11 of the
1927	1927	18 Regional Transportation Authority Act, or the St. Clair
1928	1928	19 County Transit District under the Bi-State Transit Safety
1929	1929	20 Act (repealed).
1930	1930	21 (q) Information prohibited from being disclosed by the
1931	1931	22 Personnel Record Review Act.
1932	1932	23 (r) Information prohibited from being disclosed by the
1933	1933	24 Illinois School Student Records Act.
1934	1934	25 (s) Information the disclosure of which is restricted
1935	1935	26 under Section 5-108 of the Public Utilities Act.
1936	1936
1937	1937
1938	1938
1939	1939
1940	1940
1941	1941	HB5587 - 54 - LRB103 38823 RTM 68960 b
1942	1942
1943	1943
1944	1944	HB5587- 55 -LRB103 38823 RTM 68960 b HB5587 - 55 - LRB103 38823 RTM 68960 b
1945	1945	HB5587 - 55 - LRB103 38823 RTM 68960 b
1946	1946	1 (t) (Blank).
1947	1947	2 (u) Records and information provided to an independent
1948	1948	3 team of experts under the Developmental Disability and
1949	1949	4 Mental Health Safety Act (also known as Brian's Law).
1950	1950	5 (v) Names and information of people who have applied
1951	1951	6 for or received Firearm Owner's Identification Cards under
1952	1952	7 the Firearm Owners Identification Card Act or applied for
1953	1953	8 or received a concealed carry license under the Firearm
1954	1954	9 Concealed Carry Act, unless otherwise authorized by the
1955	1955	10 Firearm Concealed Carry Act; and databases under the
1956	1956	11 Firearm Concealed Carry Act, records of the Concealed
1957	1957	12 Carry Licensing Review Board under the Firearm Concealed
1958	1958	13 Carry Act, and law enforcement agency objections under the
1959	1959	14 Firearm Concealed Carry Act.
1960	1960	15 (v-5) Records of the Firearm Owner's Identification
1961	1961	16 Card Review Board that are exempted from disclosure under
1962	1962	17 Section 10 of the Firearm Owners Identification Card Act.
1963	1963	18 (w) Personally identifiable information which is
1964	1964	19 exempted from disclosure under subsection (g) of Section
1965	1965	20 19.1 of the Toll Highway Act.
1966	1966	21 (x) Information which is exempted from disclosure
1967	1967	22 under Section 5-1014.3 of the Counties Code or Section
1968	1968	23 8-11-21 of the Illinois Municipal Code.
1969	1969	24 (y) Confidential information under the Adult
1970	1970	25 Protective Services Act and its predecessor enabling
1971	1971	26 statute, the Elder Abuse and Neglect Act, including
1972	1972
1973	1973
1974	1974
1975	1975
1976	1976
1977	1977	HB5587 - 55 - LRB103 38823 RTM 68960 b
1978	1978
1979	1979
1980	1980	HB5587- 56 -LRB103 38823 RTM 68960 b HB5587 - 56 - LRB103 38823 RTM 68960 b
1981	1981	HB5587 - 56 - LRB103 38823 RTM 68960 b
1982	1982	1 information about the identity and administrative finding
1983	1983	2 against any caregiver of a verified and substantiated
1984	1984	3 decision of abuse, neglect, or financial exploitation of
1985	1985	4 an eligible adult maintained in the Registry established
1986	1986	5 under Section 7.5 of the Adult Protective Services Act.
1987	1987	6 (z) Records and information provided to a fatality
1988	1988	7 review team or the Illinois Fatality Review Team Advisory
1989	1989	8 Council under Section 15 of the Adult Protective Services
1990	1990	9 Act.
1991	1991	10 (aa) Information which is exempted from disclosure
1992	1992	11 under Section 2.37 of the Wildlife Code.
1993	1993	12 (bb) Information which is or was prohibited from
1994	1994	13 disclosure by the Juvenile Court Act of 1987.
1995	1995	14 (cc) Recordings made under the Law Enforcement
1996	1996	15 Officer-Worn Body Camera Act, except to the extent
1997	1997	16 authorized under that Act.
1998	1998	17 (dd) Information that is prohibited from being
1999	1999	18 disclosed under Section 45 of the Condominium and Common
2000	2000	19 Interest Community Ombudsperson Act.
2001	2001	20 (ee) Information that is exempted from disclosure
2002	2002	21 under Section 30.1 of the Pharmacy Practice Act.
2003	2003	22 (ff) Information that is exempted from disclosure
2004	2004	23 under the Revised Uniform Unclaimed Property Act.
2005	2005	24 (gg) Information that is prohibited from being
2006	2006	25 disclosed under Section 7-603.5 of the Illinois Vehicle
2007	2007	26 Code.
2008	2008
2009	2009
2010	2010
2011	2011
2012	2012
2013	2013	HB5587 - 56 - LRB103 38823 RTM 68960 b
2014	2014
2015	2015
2016	2016	HB5587- 57 -LRB103 38823 RTM 68960 b HB5587 - 57 - LRB103 38823 RTM 68960 b
2017	2017	HB5587 - 57 - LRB103 38823 RTM 68960 b
2018	2018	1 (hh) Records that are exempt from disclosure under
2019	2019	2 Section 1A-16.7 of the Election Code.
2020	2020	3 (ii) Information which is exempted from disclosure
2021	2021	4 under Section 2505-800 of the Department of Revenue Law of
2022	2022	5 the Civil Administrative Code of Illinois.
2023	2023	6 (jj) Information and reports that are required to be
2024	2024	7 submitted to the Department of Labor by registering day
2025	2025	8 and temporary labor service agencies but are exempt from
2026	2026	9 disclosure under subsection (a-1) of Section 45 of the Day
2027	2027	10 and Temporary Labor Services Act.
2028	2028	11 (kk) Information prohibited from disclosure under the
2029	2029	12 Seizure and Forfeiture Reporting Act.
2030	2030	13 (ll) Information the disclosure of which is restricted
2031	2031	14 and exempted under Section 5-30.8 of the Illinois Public
2032	2032	15 Aid Code.
2033	2033	16 (mm) Records that are exempt from disclosure under
2034	2034	17 Section 4.2 of the Crime Victims Compensation Act.
2035	2035	18 (nn) Information that is exempt from disclosure under
2036	2036	19 Section 70 of the Higher Education Student Assistance Act.
2037	2037	20 (oo) Communications, notes, records, and reports
2038	2038	21 arising out of a peer support counseling session
2039	2039	22 prohibited from disclosure under the First Responders
2040	2040	23 Suicide Prevention Act.
2041	2041	24 (pp) Names and all identifying information relating to
2042	2042	25 an employee of an emergency services provider or law
2043	2043	26 enforcement agency under the First Responders Suicide
2044	2044
2045	2045
2046	2046
2047	2047
2048	2048
2049	2049	HB5587 - 57 - LRB103 38823 RTM 68960 b
2050	2050
2051	2051
2052	2052	HB5587- 58 -LRB103 38823 RTM 68960 b HB5587 - 58 - LRB103 38823 RTM 68960 b
2053	2053	HB5587 - 58 - LRB103 38823 RTM 68960 b
2054	2054	1 Prevention Act.
2055	2055	2 (qq) Information and records held by the Department of
2056	2056	3 Public Health and its authorized representatives collected
2057	2057	4 under the Reproductive Health Act.
2058	2058	5 (rr) Information that is exempt from disclosure under
2059	2059	6 the Cannabis Regulation and Tax Act.
2060	2060	7 (ss) Data reported by an employer to the Department of
2061	2061	8 Human Rights pursuant to Section 2-108 of the Illinois
2062	2062	9 Human Rights Act.
2063	2063	10 (tt) Recordings made under the Children's Advocacy
2064	2064	11 Center Act, except to the extent authorized under that
2065	2065	12 Act.
2066	2066	13 (uu) Information that is exempt from disclosure under
2067	2067	14 Section 50 of the Sexual Assault Evidence Submission Act.
2068	2068	15 (vv) Information that is exempt from disclosure under
2069	2069	16 subsections (f) and (j) of Section 5-36 of the Illinois
2070	2070	17 Public Aid Code.
2071	2071	18 (ww) Information that is exempt from disclosure under
2072	2072	19 Section 16.8 of the State Treasurer Act.
2073	2073	20 (xx) Information that is exempt from disclosure or
2074	2074	21 information that shall not be made public under the
2075	2075	22 Illinois Insurance Code.
2076	2076	23 (yy) Information prohibited from being disclosed under
2077	2077	24 the Illinois Educational Labor Relations Act.
2078	2078	25 (zz) Information prohibited from being disclosed under
2079	2079	26 the Illinois Public Labor Relations Act.
2080	2080
2081	2081
2082	2082
2083	2083
2084	2084
2085	2085	HB5587 - 58 - LRB103 38823 RTM 68960 b
2086	2086
2087	2087
2088	2088	HB5587- 59 -LRB103 38823 RTM 68960 b HB5587 - 59 - LRB103 38823 RTM 68960 b
2089	2089	HB5587 - 59 - LRB103 38823 RTM 68960 b
2090	2090	1 (aaa) Information prohibited from being disclosed
2091	2091	2 under Section 1-167 of the Illinois Pension Code.
2092	2092	3 (bbb) Information that is prohibited from disclosure
2093	2093	4 by the Illinois Police Training Act and the Illinois State
2094	2094	5 Police Act.
2095	2095	6 (ccc) Records exempt from disclosure under Section
2096	2096	7 2605-304 of the Illinois State Police Law of the Civil
2097	2097	8 Administrative Code of Illinois.
2098	2098	9 (ddd) Information prohibited from being disclosed
2099	2099	10 under Section 35 of the Address Confidentiality for
2100	2100	11 Victims of Domestic Violence, Sexual Assault, Human
2101	2101	12 Trafficking, or Stalking Act.
2102	2102	13 (eee) Information prohibited from being disclosed
2103	2103	14 under subsection (b) of Section 75 of the Domestic
2104	2104	15 Violence Fatality Review Act.
2105	2105	16 (fff) Images from cameras under the Expressway Camera
2106	2106	17 Act. This subsection (fff) is inoperative on and after
2107	2107	18 July 1, 2025.
2108	2108	19 (ggg) Information prohibited from disclosure under
2109	2109	20 paragraph (3) of subsection (a) of Section 14 of the Nurse
2110	2110	21 Agency Licensing Act.
2111	2111	22 (hhh) Information submitted to the Illinois State
2112	2112	23 Police in an affidavit or application for an assault
2113	2113	24 weapon endorsement, assault weapon attachment endorsement,
2114	2114	25 .50 caliber rifle endorsement, or .50 caliber cartridge
2115	2115	26 endorsement under the Firearm Owners Identification Card
2116	2116
2117	2117
2118	2118
2119	2119
2120	2120
2121	2121	HB5587 - 59 - LRB103 38823 RTM 68960 b
2122	2122
2123	2123
2124	2124	HB5587- 60 -LRB103 38823 RTM 68960 b HB5587 - 60 - LRB103 38823 RTM 68960 b
2125	2125	HB5587 - 60 - LRB103 38823 RTM 68960 b
2126	2126	1 Act.
2127	2127	2 (iii) Data exempt from disclosure under Section 50 of
2128	2128	3 the School Safety Drill Act.
2129	2129	4 (jjj) (hhh) Information exempt from disclosure under
2130	2130	5 Section 30 of the Insurance Data Security Law.
2131	2131	6 (kkk) (iii) Confidential business information
2132	2132	7 prohibited from disclosure under Section 45 of the Paint
2133	2133	8 Stewardship Act.
2134	2134	9 (lll) (iii) Data exempt from disclosure under Section
2135	2135	10 2-3.196 of the School Code.
2136	2136	11 (mmm) (iii) Information prohibited from being
2137	2137	12 disclosed under subsection (e) of Section 1-129 of the
2138	2138	13 Illinois Power Agency Act.
2139	2139	14 (nnn) Information exempt from disclosure under Section
2140	2140	15 150 of the Consumer Financing Licensing Act.
2141	2141	16 (Source: P.A. 102-36, eff. 6-25-21; 102-237, eff. 1-1-22;
2142	2142	17 102-292, eff. 1-1-22; 102-520, eff. 8-20-21; 102-559, eff.
2143	2143	18 8-20-21; 102-813, eff. 5-13-22; 102-946, eff. 7-1-22;
2144	2144	19 102-1042, eff. 6-3-22; 102-1116, eff. 1-10-23; 103-8, eff.
2145	2145	20 6-7-23; 103-34, eff. 6-9-23; 103-142, eff. 1-1-24; 103-372,
2146	2146	21 eff. 1-1-24; 103-472, eff. 8-1-24; 103-508, eff. 8-4-23;
2147	2147	22 103-580, eff. 12-8-23; revised 1-2-24.)
2148	2148	23 Section 995. No acceleration or delay. Where this Act
2149	2149	24 makes changes in a statute that is represented in this Act by
2150	2150	25 text that is not yet or no longer in effect (for example, a
2151	2151
2152	2152
2153	2153
2154	2154
2155	2155
2156	2156	HB5587 - 60 - LRB103 38823 RTM 68960 b
2157	2157
2158	2158
2159	2159	HB5587- 61 -LRB103 38823 RTM 68960 b HB5587 - 61 - LRB103 38823 RTM 68960 b
2160	2160	HB5587 - 61 - LRB103 38823 RTM 68960 b
2161	2161	1 Section represented by multiple versions), the use of that
2162	2162	2 text does not accelerate or delay the taking effect of (i) the
2163	2163	3 changes made by this Act or (ii) provisions derived from any
2164	2164	4 other Public Act.
2165	2165
2166	2166
2167	2167
2168	2168
2169	2169
2170	2170	HB5587 - 61 - LRB103 38823 RTM 68960 b