Bill Status of HB 5301   100th General Assembly


Short Description:  INSTALLMENT SALE NO INTEREST

House Sponsors
Rep. Marcus C. Evans, Jr.

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
765 ILCS 67/5

Synopsis As Introduced
Amends the Installment Sales Contract Act. Excludes from the scope of the term "installment sales contract" a financing arrangement for the transfer of residential real estate that for religious or cultural reasons does not allow for the imposition or collection of interest. Effective immediately.

Actions 
DateChamber Action
  2/15/2018HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  2/26/2018HouseAssigned to Judiciary - Civil Committee
  3/7/2018HouseTo Commercial Law Subcommittee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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