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IL HB1486

Bill

Status

Failed

1/7/2025

Primary Sponsor

LaShawn Ford

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Eliminates interest on judgments arising from child support orders by amending Sections 2-1303 and 12-109 of the Code of Civil Procedure.

  • Removes the previous monthly interest calculation method (one-twelfth of statutory interest rate applied to unpaid child support balance) and replaces it with a no-interest provision.

  • Makes corresponding grammatical changes to Section 2-1303 to exclude child support judgments from the general judgment interest rules that apply 9% or 6% annual interest depending on the judgment debtor type.

  • Applies to all future child support judgments while leaving other judgment interest provisions unchanged, including the 5% rate for consumer debt judgments of $25,000 or less and prejudgment interest rules for personal injury cases.

Legislative Description

CHILD SUPPORT ARREARS-INTEREST

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules3/10/2023
Family Law & Probate Subcommittee3/8/2023
Judiciary - Civil2/28/2023
Rules1/31/2023

Full Bill Text

No bill text available