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|[ Introduced ]||[ Engrossed ]||[ House Amendment 002 ]|
91_SB0355enr SB355 Enrolled LRB9103205JSpc 1 AN ACT relating to consumer finance. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Sales Finance Agency Act is amended by 5 changing Section 13 as follows: 6 (205 ILCS 660/13) (from Ch. 17, par. 5231) 7 Sec. 13. Rules. The Department may make and enforce 8 such reasonable rules, regulations, directions, orders, 9 decisions and findings as the execution and enforcement of 10 this Act require, and as are not inconsistent therewith. In 11 addition, the Department may promulgate rules in connection 12 with the activities of licensees that are necessary and 13 appropriate for the protection of consumers in this State. 14 All rules and regulations shall be printed and copies thereof 15 mailed to all licensees. 16 (Source: P.A. 90-437, eff. 1-1-98.) 17 Section 10. The Consumer Installment Loan Act is amended 18 by changing Section 22 as follows: 19 (205 ILCS 670/22) (from Ch. 17, par. 5428) 20 Sec. 22. Rules and regulations. The Department may make 21 and enforce such reasonable rules, regulations, directions, 22 orders, decisions, and findings as the execution and 23 enforcement of the provisions of this Act require, and as are 24 not inconsistent therewith. In addition, the Department may 25 promulgate rules in connection with the activities of 26 licensees that are necessary and appropriate for the 27 protection of consumers in this State. All rules, regulations 28 and directions of a general character shall be printed and 29 copies thereof mailed to all licensees. SB355 Enrolled -2- LRB9103205JSpc 1 (Source: P.A. 90-437, eff. 1-1-98.) 2 Section 99. Effective date. This Act takes effect upon 3 becoming law.
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