Senate Sponsors: PARKER-RADOGNO. Short description: PROHIBIT PRECOMPUTED INTEREST Synopsis of Bill as introduced: Amends the Consumer Installment Loan Act, the Illinois Financial Services Development Act, the Interest Act, the Motor Vehicle Retail Installment Sales Act, and the Retail Installment Sales Act. Prohibits the charging of interest on a precomputed basis. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status