Bill Status of HB 4989   101st General Assembly

Short Description:  FINANCIAL INSTITUTIONS-FEES

House Sponsors
Rep. Jonathan Carroll

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 405/4from Ch. 17, par. 4808
205 ILCS 405/13.1from Ch. 17, par. 4822
205 ILCS 405/14from Ch. 17, par. 4823
205 ILCS 405/16from Ch. 17, par. 4832
205 ILCS 660/5from Ch. 17, par. 5205
205 ILCS 660/6from Ch. 17, par. 5206
205 ILCS 665/4from Ch. 17, par. 5304
205 ILCS 665/6from Ch. 17, par. 5306
205 ILCS 670/2from Ch. 17, par. 5402
205 ILCS 670/4from Ch. 17, par. 5404
205 ILCS 670/8from Ch. 17, par. 5408
205 ILCS 670/11from Ch. 17, par. 5411
205 ILCS 670/12.5
815 ILCS 122/2-55
815 ILCS 122/3-5

Synopsis As Introduced
Amends the Currency Exchange Act, the Sales Finance Agency Act, the Debt Management Service Act, the Consumer Installment Loan Act, and the Payday Loan Reform Act. Changes application fees, license fees, initial license fees, and fees to operate under those Acts. Changes the fine for late annual consumer installment loan reports to $500 (instead of $25) for each day beyond March 1 such report is filed. Establishes an initial license fee to operate as a payday lender in the amount of $1,250. Changes the fine for late annual payday lender reports to $500 (instead of $25) for each day beyond March 1 such report is filed. In the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Payday Loan Reform Act, makes changes to the expiration date of licenses under those Acts and adds a fee to reinstate an expired license. Effective immediately.

Actions 
DateChamber Action
  2/13/2020HouseFiled with the Clerk by Rep. Jonathan Carroll
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Financial Institutions Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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