Illinois General Assembly - Bill Status for HB2350
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 Bill Status of HB2350  96th General Assembly


Short Description:  COMMERCIAL LOANS-INTRST LIMIT

House Sponsors
Rep. Kevin Joyce

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/32.5 new
205 ILCS 105/1-6g new
205 ILCS 205/6005.5 new
205 ILCS 305/51.5 new


Synopsis As Introduced
Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act. Provides that a bank, savings and loan association, savings bank, or credit union organized under the laws of this State must not make commercial loans with an effective annual percentage rate of more than 9% available to a borrower. Effective immediately.

Actions 
DateChamber Action
  2/18/2009HouseFiled with the Clerk by Rep. Kevin Joyce
  2/19/2009HouseFirst Reading
  2/19/2009HouseReferred to Rules Committee
  2/23/2009HouseAssigned to Financial Institutions Committee
  3/3/2009HouseMotion Do Pass - Lost Financial Institutions Committee; 007-012-003
  3/3/2009HouseRemains in Financial Institutions Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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