Bill Status of HB5341  101st General Assembly

Short Description:  PAYDAY LOAN 39% APR LIMIT

House Sponsors
Rep. Mary Edly-Allen - Anna Moeller - Lawrence Walsh, Jr., Carol Ammons, Joyce Mason, Monica Bristow, Stephanie A. Kifowit, Robyn Gabel, Marcus C. Evans, Jr., Nicholas K. Smith, Kathleen Willis, Terra Costa Howard, Diane Pappas, La Shawn K. Ford, Michael Halpin, Karina Villa, Chris Miller and Tom Weber

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 the finance charge for a payday loan shall not exceed an annual percentage rate of 39%.

Actions 
DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Mary Edly-Allen
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/19/2020HouseAdded Chief Co-Sponsor Rep. Anna Moeller
  2/19/2020HouseAdded Chief Co-Sponsor Rep. Lawrence Walsh, Jr.
  2/19/2020HouseAdded Co-Sponsor Rep. Carol Ammons
  2/19/2020HouseAdded Co-Sponsor Rep. Joyce Mason
  2/19/2020HouseAdded Co-Sponsor Rep. Monica Bristow
  2/19/2020HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  2/19/2020HouseAdded Co-Sponsor Rep. Robyn Gabel
  2/19/2020HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  2/19/2020HouseAdded Co-Sponsor Rep. Nicholas K. Smith
  2/19/2020HouseAdded Co-Sponsor Rep. Kathleen Willis
  2/19/2020HouseAdded Co-Sponsor Rep. Terra Costa Howard
  2/19/2020HouseAdded Co-Sponsor Rep. Diane Pappas
  2/19/2020HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  2/19/2020HouseAdded Co-Sponsor Rep. Michael Halpin
  2/19/2020HouseAdded Co-Sponsor Rep. Karina Villa
  2/19/2020HouseAdded Co-Sponsor Rep. Chris Miller
  2/25/2020HouseAdded Co-Sponsor Rep. Tom Weber
  3/17/2020HouseAssigned to Financial Institutions Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die