90th General Assembly
Summary of HB2274
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House Sponsors:

Short description: 
REVOLVE CRDT NO BALANCE-NO FEE                                             

Synopsis of Bill as introduced:
        Amends  the  Illinois  Financial   Services    Development   Act.      
   Prohibits  the  imposition  of  fees  or  charges  with  respect  to a      
   revolving credit plan that are contingent upon the borrower having  no      
   outstanding  unpaid  indebtedness  subject  to interest charges on the      
   date of the billing statement.  Effective immediately.                      
          FISCAL NOTE (Dpt. Financial Institutions)                            
          There would be no fiscal impact on the Department.                   
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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