92nd General Assembly
Summary of HB5737
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House Sponsors:
JONES,SHIRLEY-LYONS,JOSEPH-JONES,LOU.

Short description: 
DFI LICENSE FEES REPORTS                                                   

Synopsis of Bill as introduced:
        Amends the State Finance Act,  the  Currency  Exchange  Act,  the      
   Transmitters  of  Money  Act,  the  Sales Finance Agency Act, the Debt      
   Management Services Act, the Consumer Installment Loan  Act,  and  the      
   Safety  Deposit License Act.  Increases various fees.  Requires notice      
   to the Department of Financial Institutions when there is a change  in      
   control  of  a  licensee.   Removes  authority  to transfer unexpended      
   appropriations from the Financial  Institution  Fund  to  the  General      
   Revenue  Fund.   Includes "stored value card" within the definition of      
   "payment instrument" under the Transmitters of Money Act.                   
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          205 ILCS 405/3.3                                                     
          205 ILCS 405/4                                                       
          205 ILCS 405/4.3                                                     
          205 ILCS 405/13                                                      
          205 ILCS 405/13.1                                                    
          205 ILCS 405/14                                                      
          205 ILCS 405/16                                                      
        Deletes all provisions amending the Currency Exchange Act.             
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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