Bill Status of HB 5510   100th General Assembly


Short Description:  CURRENCY EXCHANGE-CHECKS

House Sponsors
Rep. La Shawn K. Ford

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 405/1from Ch. 17, par. 4802
205 ILCS 405/19.3from Ch. 17, par. 4838

Synopsis As Introduced
Amends the Currency Exchange Act. Defines "government assistance check", "government check", "payroll check", and "printed". Provides additional considerations by the Secretary of Financial and Professional Regulation for determining the maximum rate schedules that can be charged for check cashing and writing of money orders by community currency exchanges and ambulatory currency exchanges. Provides that the Department of Financial and Professional Regulation's authority to establish rate schedules for check cashing is subject to specified rate caps. Makes other changes. Effective June 1, 2019.

Actions 
DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. La Shawn K. Ford
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/21/2018HouseAssigned to Consumer Protection Committee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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