SB 3577 Illinois Senate · 103rd Regular Session

INSTALLMENT LOANS-REPORTING

Summary
Amends the Consumer Installment Loan Act. Provides that an entity licensed under the Act shall enter information regarding each loan that exceeds $500 (rather than all loans) into the consumer reporting service database and shall follow the Department of Financial and Professional Regulation's related rules. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2024 Last action Feb 9, 2024
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 9, 2024
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mattie Hunter
Mattie Hunter
DDemocratic
IL
3