Illinois General Assembly - Bill Status for HB5510

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Bill Status of HB5510 100th General Assembly

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Short Description: CURRENCY EXCHANGE-CHECKS

House Sponsors
Rep. La Shawn K. Ford

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 405/1

from Ch. 17, par. 4802

205 ILCS 405/19.3

from Ch. 17, par. 4838

Synopsis As Introduced
Amends the Currency Exchange Act. Defines "government assistance check", "government check", "payroll check", and "printed". Provides additional considerations by the Secretary of Financial and Professional Regulation for determining the maximum rate schedules that can be charged for check cashing and writing of money orders by community currency exchanges and ambulatory currency exchanges. Provides that the Department of Financial and Professional Regulation's authority to establish rate schedules for check cashing is subject to specified rate caps. Makes other changes. Effective June 1, 2019.

Actions

Date	Chamber	Action
2/16/2018	House	Filed with the Clerk by Rep. La Shawn K. Ford
2/16/2018	House	First Reading
2/16/2018	House	Referred to Rules Committee
3/21/2018	House	Assigned to Consumer Protection Committee
4/13/2018	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

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