Bill Status of HB5262

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HB5262 - 104th General Assembly

CONSUMER INSTALLMENT LOANS
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Justin Slaughter
Statutes Amended In Order of Appearance
205 ILCS 670/17.5
Synopsis As Introduced
Amends the Consumer Installment Loan Act. In provisions concerning consumer reporting service, changes the definition of "title-secured loan" to specify that the length of a title-secured loan is less than 12 months. Provides that licensees that do not submit information to at least one consumer reporting agency that compiles and maintains files on consumers on a nationwide basis shall enter information (instead of licensees shall enter information) regarding each loan into the certified database and shall follow the Department of Financial and Professional Regulation's related rules.
Actions
Date Chamber Action
2/05/2026 House Filed with the Clerk by Rep. Justin Slaughter
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee
3/12/2026 House Assigned to Financial Institutions and Licensing Committee
3/27/2026 House Rule 19(a) / Re-referred to Rules Committee