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Sen. Kimberly A. Lightford
Filed: 5/5/2010
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09600HB0537sam003 |
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LRB096 06068 RPM 41253 a |
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| AMENDMENT TO HOUSE BILL 537
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| AMENDMENT NO. ______. Amend House Bill 537, AS AMENDED, |
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| with reference to page and line numbers of Senate Amendment No. |
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| 2, as follows:
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| on page 4, line 25, by replacing "financial institution" with |
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| "licensee"; and
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| on page 28, by replacing lines 2 through 5 with the following: |
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| "No lender may charge more than $15.50 per $100 loaned on
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| any payday loan over the term of the loan. Except as
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| provided in Section 2-25, this charge is considered fully
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| earned as of the date on which the loan is made.".
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