PAYDAY LOAN-MUNICIPAL LIMITS Senate SponsorsSen. Andy Manar 1/13/2015SenateSession Sine Die 815 ILCS 122/2-5815 ILCS 122/3-5Amends the Payday Loan Reform Act. Authorizes a municipality to limit the number of licensees located in the municipality beginning January 1, 2015. Provides that the limit established by a municipality may be no less than 5. Provides for the Department of Financial and Professional Regulation to randomly nonrenew licenses if the renewed license would result in a number of licenses in excess of the municipal limit. Reduces maximum permissible finance charges. 2/14/2014SenateFiled with Secretary by Sen. Andy Manar 2/14/2014SenateFirst Reading 2/14/2014SenateReferred to Assignments 3/13/2014SenateAssigned to Financial Institutions 3/28/2014SenateRule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die