Translate
HB5384 - 104th General Assembly
FINANCIAL REG-FEES-INVESTIGATE
Last Action
Statutes Amended In Order of Appearance
205 ILCS 405/16from Ch. 17, par. 4832
205 ILCS 405/19.3from Ch. 17, par. 4838
205 ILCS 660/6.2 new
205 ILCS 660/7from Ch. 17, par. 5207
205 ILCS 665/6.5 new
205 ILCS 670/2from Ch. 17, par. 5402
205 ILCS 670/2.5 new
205 ILCS 670/10from Ch. 17, par. 5410
225 ILCS 429/78 new
240 ILCS 5/23from Ch. 17, par. 1473
240 ILCS 5/23.5 new
815 ILCS 122/3-6 new
Synopsis As Introduced
Amends the Currency Exchange Act. Removes provisions requiring the Secretary of Financial and Professional Regulation to investigate a currency exchange business at least once in each year and to review and report on the cost of operation of the Currency Exchange Section. Establishes fee-setting provisions for the administration of the Act. Amends the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Safety Deposit License Act. Makes changes to the authority of the Secretary and the Director of the Division of Financial Institutions to examine and investigate a business to determine if it is in compliance with those Acts. Establishes fee-setting provisions for the administration of those Acts. Amends the Debt Management Service Act, the Debt Settlement Consumer Protection Act, and the Payday Loan Reform Act. Establishes fee-setting provisions for the administration of those Acts. Makes other changes. Effective immediately.
House Floor Amendment No. 1
Adds reference to:
205 ILCS 660/6.3 new
205 ILCS 670/2.6 new
Further amends the Sales Finance Agency Act. Requires the Department of Financial and Professional Regulation, if requested to do so by at least 20 interested persons currently licensed under that Act or an association representing at least 20 interested persons currently licensed under that Act, meet at least once per calendar year with representatives of the sales finance industry to discuss industry developments, fees, anticipated rules, or issues confronting the Department in its regulation and discipline of the industry. Further amends the Consumer Installment Loan Act to establish the same meeting requirements with representatives of the consumer installment lending industry.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/06/2026 | House | Filed with the Clerk by Rep. Margaret Croke |
| 2/10/2026 | House | First Reading |
| 2/10/2026 | House | Referred to Rules Committee |
| 2/24/2026 | House | Assigned to Financial Institutions and Licensing Committee |
| 3/18/2026 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-003-000 |
| 3/19/2026 | House | Placed on Calendar 2nd Reading - Short Debate |
| 3/23/2026 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke |
| 3/23/2026 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 3/24/2026 | House | House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 3/24/2026 | House | House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 |
| 4/07/2026 | House | House Floor Amendment No. 1 Adopted |
| 4/07/2026 | House | Second Reading - Short Debate |
| 4/07/2026 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 4/09/2026 | House | Third Reading - Short Debate - Passed 070-036-000 |
| 4/10/2026 | Senate | Arrive in Senate |
| 4/10/2026 | Senate | Placed on Calendar Order of First Reading April 14, 2026 |
| 4/16/2026 | Senate | Chief Senate Sponsor Sen. Mark L. Walker |
| 4/16/2026 | Senate | First Reading |
| 4/16/2026 | Senate | Referred to Assignments |