Illinois General Assembly - Bill Status for HB0427
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 Bill Status of HB0427  94th General Assembly

Short Description:  CONSUMER SHORT-TERM LOANS

House Sponsors
Rep. Thomas Holbrook

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 670/22from Ch. 17, par. 5428


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that, during the 30-day period beginning with the date the loan is commenced, a short-term lender may not impose fees of more than 25% of the principal amount of a short-term or title-secured loan.

Actions 
DateChamber Action
  1/26/2005HouseFiled with the Clerk by Rep. Thomas Holbrook
  1/26/2005HouseFirst Reading
  1/26/2005HouseReferred to Rules Committee
  2/2/2005HouseAssigned to Consumer Protection Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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