Illinois General Assembly - Bill Status for HB5523
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 Bill Status of HB5523  101st General Assembly


House Sponsors
Rep. Emanuel Chris Welch - Carol Ammons, Justin Slaughter and Nicholas K. Smith

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
815 ILCS 122/2-5

Synopsis As Introduced
Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.

DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/28/2020HouseAdded Co-Sponsor Rep. Justin Slaughter
  3/3/2020HouseAdded Co-Sponsor Rep. Nicholas K. Smith
  3/5/2020HouseAdded Chief Co-Sponsor Rep. Carol Ammons
  3/17/2020HouseAssigned to Financial Institutions Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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