BUGIELSKI-MEYER. (KARPIEL) 205 ILCS 670/1.5 new 205 ILCS 670/15f new 205 ILCS 670/17.1 new 205 ILCS 370/17.2 new 205 ILCS 670/17.3 new 205 ILCS 670/17.4 new 205 ILCS 670/17.5 new 205 ILCS 670/17.6 new 205 ILCS 670/17.7 new 205 ILCS 670/17.8 new 205 ILCS 670/17.9 new 205 ILCS 670/17.10 new 205 ILCS 670/17.11 new 205 ILCS 670/17.12 new 205 ILCS 670/17.13 new 205 ILCS 670/17.14 new 205 ILCS 670/17.15 new 205 ILCS 670/17.16 new 205 ILCS 670/17.17 new 205 ILCS 670/17.18 new 205 ILCS 670/17.19 new 205 ILCS 670/17.20 new 205 ILCS 670/17.21 new 205 ILCS 670/17.22 new 205 ILCS670/17.23 new Amends the Consumer Installment Loan Act. Sets forth terms and conditions under which licensees may engage in making short-term loans. Provides that interest on these loans must be computed as simple interest. Requires licensees to provide information about debt management services to borrowers before entering into a short-term loan agreement. Establishes notice requirements for defaults by a borrower. Limits property in which a licensee may take a security interest to the check or motor vehicle title tendered to the licensee at the time of the loan transaction. Provides procedures for taking possession of motor vehicles. Effective immediately. FEB-22-2001 H FILED WITH CLERK FEB-22-2001 H ADDED AS A JOINT SPONSOR MEYER FEB-22-2001 H FIRST READING FEB-22-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-27-2001 H ASSIGNED TO COMMITTEE FIN INSTIT MAR-07-2001 H DO PASS/SHORT DEBATE 018-000-000 HFIN MAR-07-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-08-2001 H SECOND READING-SHORT DEBATE MAR-08-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-22-2001 H THIRD READING/SHORT DEBATE/PASSED 075-037-003 MAR-27-2001 S ARRIVE IN SENATE MAR-27-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-03-28 MAR-27-2001 S CHIEF SPONSOR KARPIEL MAR-27-2001 S FIRST READING MAR-27-2001 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary