Illinois General Assembly - Bill Status for HB4210
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 Bill Status of HB4210  95th General Assembly


House Sponsors
Rep. Robert S. Molaro

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 122/1-10

Synopsis As Introduced
Amends the Payday Loan Reform Act. Provides that no payday lender shall offer or make a consumer installment loan exceeding a double digit (99.99%) annual percentage rate from or upon the same location or premises as it offers or makes a payday loan. Provides that "payday loan" or "loan" means a loan with a finance charge exceeding a double digit (99.99%) annual percentage rate (instead of 36% for a term that does not exceed 120 days).

DateChamber Action
  12/21/2007HouseFiled with the Clerk by Rep. Robert S. Molaro
  12/24/2007HouseFirst Reading
  12/24/2007HouseReferred to Rules Committee
  1/13/2009HouseSession Sine Die

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