HB 5523 Illinois House · 101st Regular Session

PAYDAY LOAN CLIENT IDENTITY

Summary
Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2020 Last action Jun 23, 2020
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
8
Key actions
0
Committee
3
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Mar 17, 2020
Committee
Assigned to Financial Institutions Committee
lower
Feb 18, 2020
Committee
Referred to Rules Committee
lower
0 primary · 4 co-sponsors

Sponsors

No sponsor information available.