Illinois General Assembly - Bill Status for SB3450
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 Bill Status of SB3450  101st General Assembly

Short Description:  PAYDAY LOAN CLIENT IDENTITY

Senate Sponsors
Sen. Antonio Muñoz - Christopher Belt - Iris Y. Martinez, Emil Jones, III, Michael E. Hastings, Robert Peters, Thomas Cullerton, Patricia Van Pelt and Patrick J. Joyce

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

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


Synopsis As Introduced
Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Antonio Muñoz
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  2/20/2020SenateAdded as Chief Co-Sponsor Sen. Christopher Belt
  2/20/2020SenateAdded as Co-Sponsor Sen. Emil Jones, III
  2/20/2020SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  2/20/2020SenateAdded as Co-Sponsor Sen. Robert Peters
  2/26/2020SenateAdded as Co-Sponsor Sen. Thomas Cullerton
  2/28/2020SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  2/28/2020SenateAdded as Co-Sponsor Sen. Patrick J. Joyce
  3/4/2020SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  1/13/2021SenateSession Sine Die

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