Illinois General Assembly - Bill Status for HB3049

Illinois General Assembly - Bill Status for HB3049

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Bill Status of HB3049 97th General Assembly

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Short Description: CURRENCY EXCHANGE ACT-ADMIN

House Sponsors
Rep. Franco Coladipietro

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

from Ch. 17, par. 4802

from Ch. 17, par. 4803

from Ch. 17, par. 4804

205 ILCS 405/3.1

from Ch. 17, par. 4805

205 ILCS 405/3.2

from Ch. 17, par. 4806

205 ILCS 405/3.3

from Ch. 17, par. 4807

from Ch. 17, par. 4808

205 ILCS 405/4.1

from Ch. 17, par. 4809

205 ILCS 405/4.1a new

205 ILCS 405/4.1b new

205 ILCS 405/4.2

from Ch. 17, par. 4810

205 ILCS 405/4.3

from Ch. 17, par. 4811

from Ch. 17, par. 4812

from Ch. 17, par. 4813

from Ch. 17, par. 4814

from Ch. 17, par. 4815

205 ILCS 405/10.1

from Ch. 17, par. 4818

205 ILCS 405/11

from Ch. 17, par. 4819

205 ILCS 405/12

from Ch. 17, par. 4820

205 ILCS 405/13

from Ch. 17, par. 4821

205 ILCS 405/13.1

from Ch. 17, par. 4822

205 ILCS 405/14

from Ch. 17, par. 4823

205 ILCS 405/15

from Ch. 17, par. 4824

205 ILCS 405/15.1

from Ch. 17, par. 4825

205 ILCS 405/15.1a

from Ch. 17, par. 4826

205 ILCS 405/15.1b

from Ch. 17, par. 4827

205 ILCS 405/15.1d

from Ch. 17, par. 4829

205 ILCS 405/15.2

from Ch. 17, par. 4831

205 ILCS 405/16

from Ch. 17, par. 4832

205 ILCS 405/17

from Ch. 17, par. 4833

205 ILCS 405/19

from Ch. 17, par. 4835

205 ILCS 405/19.3

from Ch. 17, par. 4838

205 ILCS 405/19.4

from Ch. 17, par. 4839

205 ILCS 405/20

from Ch. 17, par. 4840

205 ILCS 405/21

from Ch. 17, par. 4841

205 ILCS 405/22.01

from Ch. 17, par. 4843

205 ILCS 405/22.03

from Ch. 17, par. 4845

205 ILCS 405/25

from Ch. 17, par. 4848

205 ILCS 405/29.5 new

205 ILCS 405/9 rep.

205 ILCS 405/10 rep.

205 ILCS 405/18 rep.

Synopsis As Introduced
Amends the Currency Exchange Act. Provides additional powers to a community or ambulatory currency exchange. Provides that a currency exchange, a group currency exchange, or an association of currency exchanges shall notify the Secretary of Financial and Professional Regulation of any additional activity, product, or service intended to be offered and the Secretary may charge an investigation fee of $500 to ensure the additional activity, product, or service is consistent with the Act. Increases a community exchange license application fee to $1,500 (up from $500). Provides that the Secretary may determine whether an application for a community exchange license may effect the financial stability of other community exchanges within a 2 mile radius if within the City of Chicago or 4 miles if outside the City of Chicago or any affected community currency exchange that may be serving the community in which the business of the applicant is proposing to be conducted. Provides qualifications for the applicants of a currency exchange license. Increases the amount of a surety bond a currency exchange shall file annually with and have approved by the Secretary to $50,000 (up from $10,000). Provides that an arbitrator shall conduct any hearings as provided for under the Act. Provides that all information collected by the Department of Financial and Professional Regulation under an examination or investigation of an ambulatory or community currency exchange shall be maintained for the confidential use by the Department and shall not be disclosed. Provides that an order issued by the Department against an ambulatory or community currency exchange shall be a public record. Makes other corresponding changes.

Actions

Date	Chamber	Action
2/23/2011	House	Filed with the Clerk by Rep. Franco Coladipietro
2/23/2011	House	First Reading
2/23/2011	House	Referred to Rules Committee
2/28/2011	House	Assigned to Financial Institutions Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die