Senate Sponsors: O'MALLEY AND LIGHTFORD. Short description: CONS LOAN ACT PAYDAY LOAN Synopsis of Bill as introduced: Amends the Consumer Installment Loan Act. Defines the term "payday loan" as a loan having a term of not more than 30 days made in a transaction whereby the lender receives a check in an amount that fully satisfies the debt postdated to the maturity date of the loan. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status