Bill Status of SB0236  93rd General Assembly


Short Description:  CONS INSTALL LOAN CHARGE LIMIT

Senate Sponsors
Sen. Ira I. Silverstein

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 670/15f new


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Limits all fees, interest, and other charges a licensee may impose in connection with a loan to 1,000% of the prime rate charged by the largest commercial bank in Illinois at the time the loan is made.

Actions 
DateChamber Action
  2/5/2003SenateFiled with Secretary by Sen. Ira I. Silverstein
  2/5/2003SenateFirst Reading
  2/5/2003SenateReferred to Rules
  2/19/2003SenateAssigned to Financial Institutions
  3/6/2003SenatePostponed - Financial Institutions
  3/13/2003SenatePostponed - Financial Institutions
  3/14/2003SenateRule 3-9(a) / Re-referred to Rules
  1/11/2005SenateSession Sine Die