96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB2834


 
Introduced 1/28/2010, by Sen. Christine Radogno - Dale A. Righter
 
SYNOPSIS AS INTRODUCED:
 		













815 ILCS 205/4b
  from Ch. 17, par. 6411








    Amends the Interest Act.  Makes a technical change in a Section concerning
the adoption of certain rules.
















LRB096 17028 DRJ 32342 b

















 


 


A BILL FOR









 











SB2834

LRB096 17028 DRJ 32342 b






1
    AN ACT concerning business.

 
2
    Be it enacted by the People of the State of Illinois, 
3
represented in the General Assembly: 

 
4
    Section 5. The Interest Act is amended by changing Section 
5
4b as follows:
 



6
    (815 ILCS 205/4b)  (from Ch. 17, par. 6411)



7
    Sec. 4b. 
In order to assure compliance with applicable 
8
Federal law, any State
agency having chartering or licensing 
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powers or regulatory or supervisory
authority over a class of 
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creditors affected by this Act may promulgate
rules and
and 
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regulations to carry out the disclosure and other requirements

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pertaining to the extension of credit under this Act and the 
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advertising of
such extensions of credit.
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(Source: P.A. 76-1775.)