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 Bill Status of HB5141  100th General Assembly


Short Description:  CURRENCY EXCHANGE-PROPERTY

House Sponsors
Rep. Sara Wojcicki Jimenez and Camille Y. Lilly

Senate Sponsors
(Sen. Michael Connelly - Chapin Rose)

Last Action
DateChamber Action
  5/31/2018HousePassed Both Houses

Statutes Amended In Order of Appearance
205 ILCS 405/15.2from Ch. 17, par. 4831


Synopsis As Introduced
Amends the Currency Exchange Act. Provides that within one year (rather than 3 years) after the Secretary of Financial and Professional Regulation's first published notice in a local newspaper regarding a community currency exchange filing for termination, the owners of the debts, liabilities, and lawful demands against such community currency exchange will be redeemed by the Secretary on demand in writing. Provides that after the expiration of the one-year period (rather than 3-year period), the Secretary shall return to the person or persons designated in the statement of termination to receive repayment. Effective immediately.

Senate Floor Amendment No. 1
Adds reference to:
205 ILCS 670/8from Ch. 17, par. 5408
815 ILCS 122/3-5

Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: Amends the Consumer Installment Loan Act. Provides that the date of renewal for a license is December 1st (rather than December 15th). Amends the Payday Loan Reform Act. Provides that the date of renewal for a license is December 1 (rather than December 31). Effective immediately.

Actions 
DateChamber Action
  2/15/2018HouseFiled with the Clerk by Rep. Sara Wojcicki Jimenez
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/7/2018HouseAssigned to Financial Institutions Committee
  4/9/2018HouseDo Pass / Short Debate Financial Institutions Committee; 009-000-000
  4/10/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/13/2018HouseSecond Reading - Short Debate
  4/13/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/24/2018HouseThird Reading - Short Debate - Passed 113-000-000
  4/24/2018SenateArrive in Senate
  4/24/2018SenatePlaced on Calendar Order of First Reading April 25, 2018
  4/25/2018SenateChief Senate Sponsor Sen. Michael Connelly
  4/25/2018SenateFirst Reading
  4/25/2018SenateReferred to Assignments
  5/1/2018SenateAssigned to Financial Institutions
  5/9/2018SenateDo Pass Financial Institutions; 005-000-000
  5/9/2018SenatePlaced on Calendar Order of 2nd Reading May 10, 2018
  5/15/2018SenateSecond Reading
  5/15/2018SenatePlaced on Calendar Order of 3rd Reading May 16, 2018
  5/18/2018SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Michael Connelly
  5/18/2018SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/18/2018SenateAdded as Alternate Chief Co-Sponsor Sen. Chapin Rose
  5/21/2018SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
  5/23/2018SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 005-000-000
  5/24/2018SenateRecalled to Second Reading
  5/24/2018SenateSenate Floor Amendment No. 1 Adopted; Connelly
  5/24/2018SenatePlaced on Calendar Order of 3rd Reading
  5/24/2018SenateThird Reading - Passed; 055-000-000
  5/24/2018HouseArrived in House
  5/24/2018HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/24/2018HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Sara Wojcicki Jimenez
  5/24/2018HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/28/2018HouseSenate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
  5/31/2018HouseSenate Floor Amendment No. 1 House Concurs 107-001-000
  5/31/2018HouseHouse Concurs
  5/31/2018HousePassed Both Houses
  5/31/2018HouseAdded Co-Sponsor Rep. Camille Y. Lilly

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