Illinois General Assembly - Bill Status for HB4002
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 Bill Status of HB4002  103rd General Assembly


Short Description:  CONSUMER SHORT-TERM LOANS

House Sponsors
Rep. Thomas Holbrook - Monique D. Davis - Patricia Bailey - William J. Grunloh - Lisa M. Dugan

Last Action
DateChamber Action
  1/11/2005HouseSession 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
  1/12/2004HouseFiled with the Clerk by Rep. Thomas Holbrook
  1/14/2004HouseFirst Reading
  1/14/2004HouseReferred to Rules Committee
  2/10/2004HouseAdded Chief Co-Sponsor Rep. Monique D. Davis
  2/10/2004HouseAdded Chief Co-Sponsor Rep. Patricia Bailey
  2/24/2004HouseAdded Chief Co-Sponsor Rep. William J. Grunloh
  2/24/2004HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan
  1/11/2005HouseSession Sine Die

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