Bill Status of HB 5455   97th General Assembly


Short Description:  PAYDAY LOAN PAYMENT 1000 LIMIT

House Sponsors
Rep. Luis Arroyo

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 122/2-5

Synopsis As Introduced
Amends the Payday Loan Reform Act. Provides that a lender may not make a loan to a consumer if the total of all payday loan payments coming due within any month, rather than the first calendar month, during the term of the loan exceeds the lesser of $1,000 or specified percentages of the consumer's gross monthly income.

Actions 
DateChamber Action
  2/9/2012HouseFiled with the Clerk by Rep. Luis Arroyo
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  2/27/2012HouseAssigned to Consumer Protection Committee
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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