POE-O'CONNOR-MEYER-WAIT-KOSEL, BASSI, BOST, MYERS,RICHARD, RIGHTER AND RUTHERFORD. New Act 20 ILCS 1205/8 from Ch. 17, par. 109 815 ILCS 505/2E from Ch. 121 1/2, par. 262E Creates the Short-term Loan Act. Provides for the regulation of entities that make payday loans and motor vehicle title loans. Applies to loans having a term of fewer than 93 days. Provides that loans may not exceed $1,000. Limits charges that may be imposed in connection with the loans. Requires lenders to obtain a license from the Director of Financial Institutions. Amends the Financial Institutions Code to require the Director of Financial Institutions to establish a complaint registry regarding licensees under the Short-term Loan Act. Amends the Consumer Fraud and Deceptive Business Practices Act to provide that 3 or more violations of the Short-term Loan Act constitute a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective January 1, 2001. 99-10-08 H FILED WITH CLERK 99-10-08 H ADDED AS A JOINT SPONSOR O'CONNOR 99-10-08 H ADDED AS A JOINT SPONSOR MEYER 99-10-08 H ADDED AS A JOINT SPONSOR WAIT 99-10-08 H ADDED AS A JOINT SPONSOR KOSEL 99-10-08 H ADDED AS A CO-SPONSOR BASSI 99-10-08 H ADDED AS A CO-SPONSOR BOST 99-10-08 H ADDED AS A CO-SPONSOR MITCHELL,BILL 99-10-08 H ADDED AS A CO-SPONSOR MYERS,RICHARD 99-10-08 H ADDED AS A CO-SPONSOR RIGHTER 99-10-08 H ADDED AS A CO-SPONSOR RUTHERFORD 99-11-04 H FIRST READING 99-11-04 H REFERRED TO HOUSE RULES COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary