Bill Status of SB3410  98th General Assembly


Senate Sponsors
Sen. Andy Manar

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 122/2-5
815 ILCS 122/3-5

Synopsis As Introduced
Amends the Payday Loan Reform Act. Authorizes a municipality to limit the number of licensees located in the municipality beginning January 1, 2015. Provides that the limit established by a municipality may be no less than 5. Provides for the Department of Financial and Professional Regulation to randomly nonrenew licenses if the renewed license would result in a number of licenses in excess of the municipal limit. Reduces maximum permissible finance charges.

DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Andy Manar
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  3/13/2014SenateAssigned to Financial Institutions
  3/28/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die