Illinois General Assembly - Bill Status for SB3410

Synopsis As Introduced
Amends 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.

Actions

Date	Chamber	Action
2/14/2014	Senate	Filed with Secretary by Sen. Andy Manar
2/14/2014	Senate	First Reading
2/14/2014	Senate	Referred to Assignments
3/13/2014	Senate	Assigned to Financial Institutions
3/28/2014	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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