DEL VALLE-SHAW. 205 ILCS 670/1 from Ch. 17, par. 5401 Amends the Consumer Installment Loan Act. Requires a lender to obtain a short-term lender license from the Department of Financial Institutions if the lender makes loans to natural persons for a term of 60 days or less based upon a motor vehicle as collateral or based upon receipt of a postdated check in an amount sufficient to repay the loan. Requires notice of the application to be published. 99-02-24 S FIRST READING 99-02-24 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-25 S ASSIGNED TO COMMITTEE FIN INST 99-03-04 S POSTPONED 99-03-04 S COMMITTEE FIN INST 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary