Illinois General Assembly - Bill Status for HB2543
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 Bill Status of HB2543  93rd General Assembly

Short Description:  CONSUMER INSTALL LOAN-MAX AMT

House Sponsors
Rep. Joseph M. Lyons - Ralph C. Capparelli - Bill Mitchell - Sidney H. Mathias - Thomas Holbrook

Senate Sponsors
(Sen. Kimberly A. Lightford - Dan Rutherford)

Last Action
DateChamber Action
  7/22/2003HousePublic Act . . . . . . . . . 93-0264

Statutes Amended In Order of Appearance
205 ILCS 670/17from Ch. 17, par. 5423


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Increases the amount that an obligor may owe to a licensee under the Act from $25,000 to $40,000.

House Committee Amendment No. 1
Adds reference to:
205 ILCS 670/15from Ch. 17, par. 5415

Further amends the Consumer Installment Loan Act. Provides that a licensee may lend a principal an amount not exceeding $40,000 (now $25,000).

Actions 
DateChamber Action
  2/20/2003HouseFiled with the Clerk by Rep. Joseph M. Lyons
  2/20/2003HouseChief Co-Sponsor Rep. Ralph C. Capparelli
  2/20/2003HouseFirst Reading
  2/20/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Financial Institutions Committee
  2/27/2003HouseAdded Chief Co-Sponsor Rep. Bill Mitchell
  3/5/2003HouseHouse Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
  3/5/2003HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
  3/5/2003HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 014-000-000
  3/5/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/5/2003HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  3/5/2003HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/18/2003HouseSecond Reading - Short Debate
  3/18/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/21/2003HouseThird Reading - Short Debate - Passed 112-000-003
  3/24/2003SenateArrive in Senate
  3/24/2003SenatePlaced on Calendar Order of First Reading March 25, 2003
  3/26/2003SenateChief Senate Sponsor Sen. Kimberly A. Lightford
  3/27/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Dan Rutherford
  3/27/2003SenateFirst Reading
  3/27/2003SenateReferred to Rules
  4/3/2003SenateAssigned to Financial Institutions
  4/10/2003SenateDo Pass Financial Institutions; 007-000-000
  4/10/2003SenatePlaced on Calendar Order of 2nd Reading April 15, 2003
  5/6/2003SenateSecond Reading
  5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003
  5/12/2003SenateThird Reading - Passed; 050-000-002
  5/12/2003HousePassed Both Houses
  6/10/2003HouseSent to the Governor
  7/22/2003HouseGovernor Approved
  7/22/2003HouseEffective Date January 1, 2004
  7/22/2003HousePublic Act . . . . . . . . . 93-0264

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