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HB4814 • 2026
DEBT MANAGEMENT LICENSE & FEES
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
DEBT MANAGEMENT LICENSE & FEES
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: Illinois General Assembly - Full Text of HB4814 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience.
Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Third Reading Deadline Established As May 31, 2026
Second Reading
Placed on Calendar Order of 3rd Reading May 25, 2026
Senate Floor Amendment No. 1 Assignments Refers to Executive
Approved for Consideration Assignments
Placed on Calendar Order of 2nd Reading May 21, 2026
Alternate Chief Sponsor Changed to Sen. Don Harmon
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
Senate Floor Amendment No. 1 Referred to Assignments
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Mark L. Walker
First Reading
Referred to Assignments
House Floor Amendment No. 1 Adopted
Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 074-034-000
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Added Chief Co-Sponsor Rep. Jawaharial Williams
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee ; 010-000-000
Added Chief Co-Sponsor Rep. Justin Cochran
House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
Placed on Calendar 2nd Reading - Short Debate
House Floor Amendment No. 1 Filed with Clerk by Rep. Daniel Didech
House Floor Amendment No. 1 Referred to Rules Committee
Do Pass / Short Debate Financial Institutions and Licensing Committee ; 012-000-000
Assigned to Financial Institutions and Licensing Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Daniel Didech
DEBT MANAGEMENT LICENSE & FEES
Illinois General Assembly - Full Text of HB4814 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of HB4814 Home Legislation Full Text HB4814 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Engrossed House Amendment 001 Senate Amendment 001 Printer Friendly Version Introduced Engrossed House Amendment 001 Senate Amendment 001 Open PDF HB4814 Engrossed LRB104 16531 BAB 29927 b 1 AN ACT concerning regulation. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Debt Management Service Act is amended by 5 changing Sections 4 and 12 as follows: 6 (205 ILCS 665/4) (from Ch. 17, par. 5304) 7 Sec. 4. Application for license. Application for a license 8 to engage in the debt management service business in this 9 State shall be made to the Secretary and shall be in writing, 10 under oath, and in the form prescribed by the Secretary. 11 Each applicant, at the time of making such application, 12 shall pay to the Secretary the sum of $30.00 as a fee for 13 investigation of the applicant, and the additional sum of 14 $100.00 as a license fee. 15 Every applicant shall submit to the Secretary, at the time 16 of the application for a license, a bond to be approved by the 17 Secretary in which the applicant shall be the obligor, in the 18 sum of $50,000 $25,000 or such additional amount as required 19 by the Secretary based on the amount of disbursements made by 20 the licensee in the previous year, and in which an insurance 21 company, which is duly authorized by the State of Illinois, to 22 transact the business of fidelity and surety insurance shall 23 be a surety. HB4814 Engrossed - 2 - LRB104 16531 BAB 29927 b 1 The bond shall run to the Secretary for the use of the 2 Department or of any person or persons who may have a cause of 3 action against the obligor in said bond arising out of any 4 violation of this Act or rules by a license. Such bond shall be 5 conditioned that the obligor will faithfully conform to and 6 abide by the provisions of this Act and of all rules, 7 regulations and directions lawfully made by the Secretary and 8 will pay to the Secretary or to any person or persons any and 9 all money that may become due or owing to the State or to such 10 person or persons, from said obligor under and by virtue of the 11 provisions of this Act. 12 (Source: P.A. 96-1420, eff. 8-3-10.) 13 (205 ILCS 665/12) (from Ch. 17, par. 5312) 14 Sec. 12. Fees and charges of debt management service 15 providers. A debt management service provider may not charge a 16 debtor any fees or penalties except the following: 17 (1) an initial counseling fee not to exceed $75 $50 18 per debtor counseled; and 19 (2) additional fees at the completion of the initial 20 counseling services , which shall not exceed per month: (A) 21 15% of the amount disbursed monthly to creditors or $75, 22 whichever is less, if there are fewer than 6 creditors 23 enrolled in the debt management plan; or (B) 15% of the 24 amount disbursed monthly to creditors or $100, whichever 25 is less, if there are 6 or more creditors enrolled in the HB4814 Engrossed - 3 - LRB104 16531 BAB 29927 b 1 debt management plan $50 per month . 2 (Source: P.A. 96-1420, eff. 8-3-10.) Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. 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