Illinois General Assembly - Bill Status for SB2479
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 Bill Status of SB2479  104th General Assembly

Short Description:  CONSUMER REPORTING SERVICE

Senate Sponsors
Sen. Mattie Hunter

Last Action
DateChamber Action
  2/7/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
205 ILCS 670/17.5


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.

Actions 
DateChamber Action
  2/7/2025SenateFiled with Secretary by Sen. Mattie Hunter
  2/7/2025SenateFirst Reading
  2/7/2025SenateReferred to Assignments

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