Rep. Daniel J. Burke

Filed: 3/15/2011

 

 


 

 


 
09700HB0641ham002LRB097 03472 CEL 52619 a

1
AMENDMENT TO HOUSE BILL 641

2    AMENDMENT NO. ______. Amend House Bill 641, AS AMENDED,
3with reference to page and line numbers of Amendment No. 1 as
4follows:
 
5on page 2, by replacing lines 13 through 20 with the following:
6"(hereinafter called the Director). No licensee, or employee or
7affiliate thereof, that is licensed under the Payday Loan
8Reform Act shall obtain a license under this Act except that a
9licensee under the Payday Loan Reform Act may obtain a license
10under this Act for the exclusive purpose and use of making
11title-secured loans, as defined in subsection (a) of Section 15
12of this Act and governed by Title 38, Section 110.300 of the
13Illinois Administrative Code.".