Bill Status of SB 3577   103rd General Assembly

Short Description:  INSTALLMENT LOANS-REPORTING

Senate Sponsors
Sen. Mattie Hunter

Last Action  View All Actions

DateChamber Action
  2/9/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
205 ILCS 670/17.5

Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that an entity licensed under the Act shall enter information regarding each loan that exceeds $500 (rather than all loans) into the consumer reporting service database and shall follow the Department of Financial and Professional Regulation's related rules. Effective immediately.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. Mattie Hunter
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments

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