Structured Settlement Protection Act
Illinois · Insurance · §§ 215-153-1 to 215-153-5 · 8 sections
Overview
The section titles you gave don't describe a Structured Settlement Protection Act. They describe a civil judgments article — docketing, judgment liens on real estate, satisfaction and assignment of judgments, plus a declaratory judgment procedure. A real SSPA governs transfers of structured settlement payment rights: court approval of a transfer, disclosure statements to the payee, independent professional advice, best-interest findings. None of that appears here. Most likely the extraction pulled the enclosing chapter/article rather than the act itself. Given that, here is copy faithful to what the titles actually support: This act governs the entry, recording, and enforcement of civil judgments and orders for the payment of money. It establishes how judgments are docketed and indexed by court clerks, when they take effect and attach as liens against a debtor's real estate, and how those liens are ranked, postponed, assigned, discharged, or satisfied of record. It also provides for security and bonds in place of immediate enforcement, remedies between a principal and a surety, related fees and costs, and a procedure by which a court may declare the rights and legal relations of interested parties. If you want the real SSPA overview instead, re-run the extraction against the correct sections — I can write it once the titles cover transfer approval and payee protections rather than judgment liens. Publishing the label with either body as-is would put wrong content on 17 state pages.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- 215 ILCS 153/1Short title
- 215 ILCS 153/10Required disclosures to payee
- 215 ILCS 153/15Approval of transfers of structured settlement payment rights
- 215 ILCS 153/20Effects of transfer of structured settlement payment rights
- 215 ILCS 153/25Procedure for approval of transfers
- 215 ILCS 153/30General provisions; construction
- 215 ILCS 153/35Applicability
- 215 ILCS 153/5Definitions
Enacted in other states
Alabama, Arkansas, Colorado, Iowa, Louisiana, Mississippi, Montana, North Carolina, New Jersey, New Mexico, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Wyoming
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