Rep. Kambium Buckner
Filed: 3/22/2019
 
 

 

 

 
10100HB3393ham001LRB101 10436 JLS 58398 a



1
AMENDMENT TO HOUSE BILL 3393 




2    AMENDMENT NO. ______. Amend House Bill 3393 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Consumer Installment Loan Act is amended  by 
5adding Section 17.6 as follows:
 
6    (205 ILCS 670/17.6 new)
7    Sec. 17.6. Unsolicited checks.
8    (a) No licensee shall deliver to a consumer an unsolicited

9check payable to the consumer that, upon cashing, obligates the

10consumer to repay the amount of the check plus interest and

11fees.
12    (b) This Section does not apply to a transaction in which a

13consumer has submitted an application for, or requested an

14extension of, credit from the licensee before receiving the 
15check
or instrument, or when the consumer has an existing

16relationship with the licensee. 
 
 
 
10100HB3393ham001- 2 -LRB101 10436 JLS 58398 a

1    Section 10. The Payday Loan Reform Act is amended  by adding 
2Section 2-65 as follows:
 
3    (815 ILCS 122/2-65 new)
4    Sec. 2-65. Unsolicited checks.
5    (a) No licensee shall deliver to a consumer an unsolicited

6check payable to the consumer that, upon cashing, obligates the

7consumer to repay the amount of the check plus interest and

8fees.
9    (b) This Section does not apply to a transaction in which a

10consumer has submitted an application for, or requested an

11extension of, credit from the licensee before receiving the 
12check
or instrument, or when the consumer has an existing

13relationship with the licensee.".