Bill Status of HB 4210   95th General Assembly


Short Description:  PAYDAY LOAN-INTEREST RATE

House Sponsors
Rep. Robert S. Molaro

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 122/1-10

Synopsis As Introduced
Amends the Payday Loan Reform Act. Provides that no payday lender shall offer or make a consumer installment loan exceeding a double digit (99.99%) annual percentage rate from or upon the same location or premises as it offers or makes a payday loan. Provides that "payday loan" or "loan" means a loan with a finance charge exceeding a double digit (99.99%) annual percentage rate (instead of 36% for a term that does not exceed 120 days).

Actions 
DateChamber Action
  12/21/2007HouseFiled with the Clerk by Rep. Robert S. Molaro
  12/24/2007HouseFirst Reading
  12/24/2007HouseReferred to Rules Committee
  1/13/2009HouseSession Sine Die

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