TURNER,ART-YARBROUGH-SAVIANO-MORROW. 30 ILCS 105/5.570 new 205 ILCS 670/1.5 new 205 ILCS 670/2.5 new 205 ILCS 670/8.2 new 205 ILCS 670/8.3 new 205 ILCS 670/8.4 new 205 ILCS 670/15d from Ch. 17, par. 5419 205 ILCS 670/17.1 new 205 ILCS 670/17.2 new 205 ILCS 670/17.3 new 205 ILCS 670/17.4 new 205 ILCS 670/17.5 new 205 ILCS 670/22.1 new Amends the Consumer Installment Loan Act. Provides for the regulation of deferred deposit lenders. Limits the number of times a deferred deposit loan may be refinanced. Requires deferred deposit lenders to comply with all applicable local ordinances as a condition of obtaining a license. Requires deferred deposit lenders to make disclosures concerning the availability of debt management services. Requires deferred deposit lenders to remit $0.25 per transaction to the Department of Financial Institutions for deposit into the Financial Literacy and Responsibility Fund, a special fund in the State treasury. Provides for the money to be used to educate and counsel consumers of financial services. FEB-11-2002 H FILED WITH CLERK FEB-11-2002 H FIRST READING FEB-11-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-13-2002 H ASSIGNED TO COMMITTEE CONSUMER PROT FEB-15-2002 H ADDED AS A JOINT SPONSOR YARBROUGH FEB-15-2002 H ADDED AS A JOINT SPONSOR SAVIANO FEB-15-2002 H ADDED AS A JOINT SPONSOR MORROW FEB-15-2002 H ADDED AS A JOINT SPONSOR TURNER,ART FEB-20-2002 H PRIMARY SPONSOR CHANGED TO TURNER,ART FEB-22-2002 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary