Illinois General Assembly - Bill Status for HB0292

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Bill Status of HB0292 95th General Assembly

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Short Description: INTEREST ACT-LATE PAYMENTS

House Sponsors
Rep. Monique D. Davis

Last Action

Date	Chamber	Action
1/13/2009	House	Session Sine Die

Statutes Amended In Order of Appearance

815 ILCS 205/4.2

from Ch. 17, par. 6407

Synopsis As Introduced
Amends the Interest Act. Provides that no increase in the annual percentage rate of interest on a revolving credit arrangement for a credit card account, other than an increase due to the expiration of an introductory percentage rate of interest, may be made because of a late payment by the debtor, provided that the payment has been postmarked or entered electronically on or before the date that the payment was due. Provides that the exception for the increase in the annual percentage rate of interest on a revolving credit arrangement for a credit card account does not apply to late payments due to a check not being honored by the debtor's bank for insufficient funds.

Actions

Date	Chamber	Action
1/16/2007	House	Filed with the Clerk by Rep. Monique D. Davis
1/19/2007	House	First Reading
1/19/2007	House	Referred to Rules Committee
1/31/2007	House	Assigned to Consumer Protection Committee
2/28/2007	House	Motion Do Pass - Lost Consumer Protection Committee; 001-010-001
2/28/2007	House	Remains in Consumer Protection Committee
3/23/2007	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2009	House	Session Sine Die

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