Illinois General Assembly - Bill Status for HB5833
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 Bill Status of HB5833  94th General Assembly


Short Description:  CONS LOANS-PROTECT-PROHIB-DISC

House Sponsors
Rep. Edward J. Acevedo

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 670/12.10 new


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides provisions concerning consumer protections, prohibited acts, required disclosures, and members of the military for loans under the Act with a finance charge exceeding an annual percentage rate of 36% for which the lender accepts any of the following as security for the loan: (1) one or more checks dated on the date written with an agreement to hold them for a period of days before deposit or presentment or one or more checks dated subsequent to the date written with an agreement to hold them for deposit; (2) one or more authorizations to debit a consumer's bank account; or (3) an interest in a consumer's wages, including, but not limited to, a wage assignment.

Actions 
DateChamber Action
  9/21/2006HouseFiled with the Clerk by Rep. Edward J. Acevedo
  11/1/2006HouseFirst Reading
  11/1/2006HouseReferred to Rules Committee
  11/2/2006HouseFinal Action Deadline Extended-9(b) January 9, 2007
  11/2/2006HouseAssigned to Executive Committee
  1/9/2007HouseSession Sine Die

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