Senate Sponsors: SYVERSON. Short description: REV CRDT INTEREST ON OLD DEBT Synopsis of Bill as introduced: Amends the Illinois Financial Services Development Act. Provides that changes in interest rates may not be made applicable to debt incurred prior to the effective date of the change in the rate of interest. Effective July 1, 1998. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status