Illinois General Assembly - Bill Status for HB2458
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 Bill Status of HB2458  93rd General Assembly

Short Description:  CONS INST LOAN PRACTICES

House Sponsors
Rep. Charles G. Morrow, III - Lovana Jones - Monique D. Davis, Angelo Saviano and Daniel J. Burke

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 670/1.5 new
205 ILCS 670/8.2 new
205 ILCS 670/15dfrom 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
720 ILCS 5/17-1afrom Ch. 38, par. 17-1a


Synopsis As Introduced
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 make disclosures concerning the availability of debt management services. Amends the Criminal Code of 1961 to provide that deferred deposit lenders may not collect treble damages for unpaid checks. Effective October 1, 2003.

House Floor Amendment No. 1
Deletes reference to:
205 ILCS 670/1.5 new
205 ILCS 670/8.2 new
205 ILCS 670/15d new
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
720 ILCS 5/17-1a
Adds reference to:
205 ILCS 670/26from Ch. 17, par. 5432

Replaces the title and everything after the enacting clause. Amends the Consumer Installment Loan Act. Makes technical changes in a Section concerning the short title.

Actions 
DateChamber Action
  2/20/2003HouseFiled with the Clerk by Rep. Charles G. Morrow, III
  2/20/2003HouseChief Co-Sponsor Rep. Lovana Jones
  2/20/2003HouseFirst Reading
  2/20/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Financial Institutions Committee
  2/28/2003HouseAdded Co-Sponsor Rep. Angelo Saviano
  2/28/2003HouseAdded Co-Sponsor Rep. Daniel J. Burke
  3/12/2003HouseDo Pass / Short Debate Financial Institutions Committee; 018-000-000
  3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/13/2003HouseAdded Chief Co-Sponsor Rep. Monique D. Davis
  4/1/2003HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Charles G. Morrow, III
  4/1/2003HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/2/2003HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
  4/2/2003HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Charles G. Morrow, III
  4/2/2003HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/2/2003HouseSecond Reading - Short Debate
  4/2/2003HouseHeld on Calendar Order of Second Reading - Short Debate
  4/3/2003HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  4/3/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/4/2003HouseThird Reading Deadline Extended - Rule 9(b); May 2, 2003
  5/2/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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