92nd General Assembly
Status of SB1130
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   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  S  FIRST READING                                                  
   FEB-22-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               FIN INST              
   MAR-08-2001  S       TO SUBCOMMITTEE                                           
   MAR-08-2001  S                   COMMITTEE               FIN INST              
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary