Illinois General Assembly - Bill Status for HB6641
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 Bill Status of HB6641  93rd General Assembly


Short Description:  CONSUMER SHORT-TERM LOANS

House Sponsors
Rep. Maria Antonia Berrios

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 670/22from Ch. 17, par. 5428


Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that a short-term lender may not charge interest on a short-term loan at an annual percentage rate exceeding 32%. Requires the Department of Financial Institutions to conform its rules to the new provisions.

Actions 
DateChamber Action
  2/9/2004HouseFiled with the Clerk by Rep. Maria Antonia Berrios
  2/9/2004HouseFirst Reading
  2/9/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die

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