HB5262 - 104th General Assembly (2025-2026)

CONSUMER INSTALLMENT LOANS
Last Action
2/10/2026 - House: 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
DateChamberAction
2/05/2026HouseFiled with the Clerk by Rep. Justin Slaughter
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee