Illinois General Assembly - Bill Status for HB5840
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 Bill Status of HB5840  102nd General Assembly


Short Description:  PREDATORY LOANS-PAWNBROKERS

House Sponsors
Rep. Sonya M. Harper - Andrew S. Chesney, Kambium Buckner, Dagmara Avelar, Kelly M. Cassidy, Marcus C. Evans, Jr., Robyn Gabel, Will Guzzardi, Barbara Hernandez, Lindsey LaPointe, Anna Moeller, Ann M. Williams, Sam Yingling, Theresa Mah, Margaret Croke, Robert Rita, Stephanie A. Kifowit, Jennifer Gong-Gershowitz, Aaron M. Ortiz, Kelly M. Burke, Jehan Gordon-Booth, Anne Stava-Murray, Debbie Meyers-Martin and Joyce Mason

Last Action
DateChamber Action
  11/16/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
205 ILCS 510/2from Ch. 17, par. 4652
815 ILCS 123/15-1-5
815 ILCS 123/15-1-10
815 ILCS 123/15-5-10
815 ILCS 123/15-10-5


Synopsis As Introduced
Amends the Pawnbroker Regulation Act. Clarifies that it shall be unlawful for any pawnbroker to charge or collect a greater benefit or percentage upon money advanced, and for the use and forbearance thereof, than permitted under the Predatory Loan Prevention Act. Amends the Predatory Loan Prevention Act. Provides that the definition of "loan" includes transactions subject to the Pawnbroker Regulation Act. Provides that it is a violation of the Act for any person or entity to solicit, broker, or otherwise engage in any other activity intended to facilitate or result in, or that in fact facilitates or results in, the origination of a loan that violates the Act. Provides that it is a violation of the Act for any person or entity to advertise or cause to be advertised a loan that violates the Act. Provides that a violation of the Act by a person or entity licensed under the Pawnbroker Regulation Act shall subject the person or entity to discipline in accordance with that Act. Makes other changes. Effective June 1, 2023.

Actions 
DateChamber Action
  11/14/2022HouseFiled with the Clerk by Rep. Sonya M. Harper
  11/15/2022HouseAdded Co-Sponsor Rep. Kambium Buckner
  11/15/2022HouseAdded Co-Sponsor Rep. Dagmara Avelar
  11/15/2022HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  11/15/2022HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  11/15/2022HouseAdded Co-Sponsor Rep. Robyn Gabel
  11/15/2022HouseAdded Co-Sponsor Rep. Will Guzzardi
  11/15/2022HouseAdded Co-Sponsor Rep. Barbara Hernandez
  11/15/2022HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  11/15/2022HouseAdded Co-Sponsor Rep. Anna Moeller
  11/15/2022HouseAdded Co-Sponsor Rep. Ann M. Williams
  11/15/2022HouseAdded Co-Sponsor Rep. Sam Yingling
  11/16/2022HouseFirst Reading
  11/16/2022HouseReferred to Rules Committee
  11/28/2022HouseAdded Co-Sponsor Rep. Theresa Mah
  11/28/2022HouseAdded Co-Sponsor Rep. Margaret Croke
  11/28/2022HouseAdded Co-Sponsor Rep. Robert Rita
  11/30/2022HouseAdded Chief Co-Sponsor Rep. Andrew S. Chesney
  11/30/2022HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  11/30/2022HouseAdded Co-Sponsor Rep. Jennifer Gong-Gershowitz
  11/30/2022HouseAdded Co-Sponsor Rep. Aaron M. Ortiz
  11/30/2022HouseAdded Co-Sponsor Rep. Kelly M. Burke
  11/30/2022HouseAdded Co-Sponsor Rep. Jehan Gordon-Booth
  12/2/2022HouseAdded Co-Sponsor Rep. Anne Stava-Murray
  12/9/2022HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin
  1/5/2023HouseAdded Co-Sponsor Rep. Joyce Mason

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