SB2479 - 104th General Assembly

CONSUMER REPORTING SERVICE
Last Action
2/07/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Mattie Hunter
Statutes Amended In Order of Appearance
205 ILCS 670/17.5
Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.
Actions
Date Chamber Action
2/07/2025 Senate Filed with Secretary by Sen. Mattie Hunter
2/07/2025 Senate First Reading
2/07/2025 Senate Referred to Assignments