Illinois General Assembly - Bill Status for HB5399
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 Bill Status of HB5399  98th General Assembly


Short Description:  CAR TITLE LOANS-APR LIMIT

House Sponsors
Rep. La Shawn K. Ford - Emanuel Chris Welch

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 670/15from Ch. 17, par. 5415


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that the annual percentage rate shall not exceed 21% for title-secured loans in which an obligor provides to the licensee, as a security for the loan, physical possession of the obligor's title to a motor vehicle. Effective immediately.

Actions 
DateChamber Action
  2/10/2014HouseFiled with the Clerk by Rep. La Shawn K. Ford
  2/11/2014HouseFirst Reading
  2/11/2014HouseReferred to Rules Committee
  2/26/2014HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch
  12/3/2014HouseSession Sine Die

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