Senate Sponsors: WALSH,T-DELEO. House Sponsors: SANTIAGO-SAVIANO Short description: CON INSTLMT LOAN OFF-SITE LEND Synopsis of Bill as introduced: Amends the Consumer Installment Loan Act. Provides that upon written notice to the Director of Financial Institutions, a licensee may make loans by electronic or other means at off-site lending locations. SENATE AMENDMENT NO. 1. Deletes reference to: 205 ILCS 670/7.5 new Adds reference to: 205 ILCS 670/12.5 new Replaces the substance of the bill. Authorizes licensees under the Consumer Installment Loan Act to establish limited purpose branches for the sole purpose of making loans as permitted by the Act. Effective immediately. SENATE AMENDMENT NO. 2. Prohibits limited purpose branches from being located within 1,000 feet of places where gaming is conducted under the Illinois Horse Racing Act of 1975 or under the Riverboat Gambling Act. FISCAL NOTE, S-AMS 1 & 2 (Dpt. Financial Institutions) There would be no fiscal impact on the Department. STATE MANDATES FISCAL NOTE (DCCA) SB 685 fails to create a State mandate. HOME RULE NOTE SB 685 does not preempt home rule authority. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status