Illinois General Assembly - Bill Status for SB4241
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 Bill Status of SB4241  102nd General Assembly


Short Description:  PREDATORY LOANS-PAWNBROKERS

Senate Sponsors
Sen. Jacqueline Y. Collins - Robert Peters - Laura Ellman - Mattie Hunter, Ann Gillespie, Laura M. Murphy, Karina Villa, Cristina H. Pacione-Zayas, Celina Villanueva, Christopher Belt, Kimberly A. Lightford, Doris Turner, Adriane Johnson, Emil Jones, III, Bill Cunningham, Javier L Cervantes, Mike Simmons, Robert F. Martwick, Omar Aquino, Linda Holmes, Napoleon Harris, III, Laura Fine, Julie A. Morrison, Ram Villivalam, Diane Pappas, Sara Feigenholtz, Elgie R. Sims, Jr., Patricia Van Pelt, Craig Wilcox and Cristina Castro

Last Action
DateChamber Action
  11/14/2022SenateReferred to Assignments

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
  11/14/2022SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  11/14/2022SenateFirst Reading
  11/14/2022SenateReferred to Assignments
  11/14/2022SenateAdded as Co-Sponsor Sen. Ann Gillespie
  11/14/2022SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  11/15/2022SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  11/15/2022SenateAdded as Chief Co-Sponsor Sen. Robert Peters
  11/15/2022SenateAdded as Co-Sponsor Sen. Karina Villa
  11/15/2022SenateAdded as Co-Sponsor Sen. Cristina H. Pacione-Zayas
  11/15/2022SenateAdded as Co-Sponsor Sen. Celina Villanueva
  11/15/2022SenateAdded as Co-Sponsor Sen. Christopher Belt
  11/15/2022SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  11/15/2022SenateAdded as Co-Sponsor Sen. Doris Turner
  11/15/2022SenateAdded as Co-Sponsor Sen. Adriane Johnson
  11/15/2022SenateAdded as Co-Sponsor Sen. Emil Jones, III
  11/15/2022SenateAdded as Co-Sponsor Sen. Bill Cunningham
  11/15/2022SenateAdded as Co-Sponsor Sen. Javier L Cervantes
  11/15/2022SenateAdded as Co-Sponsor Sen. Mike Simmons
  11/15/2022SenateAdded as Co-Sponsor Sen. Robert F. Martwick
  11/15/2022SenateAdded as Co-Sponsor Sen. Omar Aquino
  11/15/2022SenateAdded as Co-Sponsor Sen. Linda Holmes
  11/15/2022SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
  11/15/2022SenateAdded as Co-Sponsor Sen. Laura Fine
  11/16/2022SenateAdded as Co-Sponsor Sen. Laura Ellman
  11/16/2022SenateAdded as Co-Sponsor Sen. Julie A. Morrison
  11/16/2022SenateAdded as Chief Co-Sponsor Sen. Laura Ellman
  11/16/2022SenateChief Co-Sponsor Changed to Sen. Laura Ellman
  11/16/2022SenateAdded as Co-Sponsor Sen. Ram Villivalam
  11/16/2022SenateAdded as Co-Sponsor Sen. Diane Pappas
  11/16/2022SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  11/16/2022SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
  11/16/2022SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  11/23/2022SenateAdded as Co-Sponsor Sen. Craig Wilcox
  11/29/2022SenateAdded as Co-Sponsor Sen. Cristina Castro

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