Illinois General Assembly - Bill Status for HB3771
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 Bill Status of HB3771  99th General Assembly

Short Description:  CAR TITLE LOANS-APR LIMIT

House Sponsors
Rep. Sue Scherer

Last Action
DateChamber Action
  1/10/2017HouseSession 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
  2/26/2015HouseFiled with the Clerk by Rep. Sue Scherer
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Consumer Protection Committee
  3/23/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sue Scherer
  3/23/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/24/2015HouseHouse Committee Amendment No. 1 Rules Refers to Consumer Protection Committee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2015HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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