On Jul. 2, 2024, ILL LEG reported governor signed bill, assigned Public Act 103-0648.
Generally, Illinois bills approved after May 31 are effective on Jun. 1 of the next year.
On May 16, ILL LEG bill making illegal to report/collect medical debt.
ILL LEG passed bill SB 2933, concerning medical debt credit reporting, and fraud.
Adds ILL INS 812-505/2EEE to Consumer fraud and deceptive business practices act.
Bill Provisions
Provided for unlawful practices for a consumer reporting agency within the act.
Unlawful to make, create, or furnish any consumer/credit report with any adverse data the consumer reporting agency knows/should know relates to consumer medical debt.
Illegal to conduct a collection action against the consumer to collect medical debt.
Also, to maintain in file on consumer any information relating to medical debt incurred by a consumer or a collection action against the consumer to collect medical debt.
Definition of medical debt does not include debt charged to a credit card or an open-end or close-end extension of credit made by a financial institution to a borrower.
Unless extension of credit may be used solely for purpose of health care services.
Legislative History
On Jan. 31, 2024, bill was introduced in Senate; on Apr. 11, 2024, bill passed Senate.
On Apr. 12, 2024, bill was introduced in House; on May 16, 2024, bill passed House.
Effectiveness
If enacted, effective Jun. 1, 2025.
Jul. 2024 ILL LEG Bill Approval
On Jul. 2, 2024, ILL LEG reported governor signed bill, assigned Public Act 103-0648.
Generally, Illinois bills approved after May 31 are effective on Jun. 1 of the next year.
Regulators
ILL LEG
Entity Types
CNSM; CRA; Ins
Reference
Pub Act 103-0648, 7/2/2024; Bill SB2933, 5/16/2024; Citation: ILL INS 812-505;
