HB 1479 Illinois House · 93rd Regular Session

CREDIT CARD ISSUANCE-INT RATE

Summary

Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2003

Committee Review

Floor Vote

Governor

Introduced Feb 6, 2003 Last action Jan 11, 2005

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 11, 2005

House · Failed

Session Sine Die

Apr 4, 2003

House · Referred to committee

Rule 19(a) / Re-referred to Rules Committee

Mar 13, 2003

House · Reported by committee

Do Pass as Amended / Short Debate Financial Institutions Committee; 011-000-003

Mar 12, 2003

House · Reported by committee

Remains in Financial Institutions Committee

Mar 12, 2003

House · Failed in committee

Motion Do Pass as Amended - Lost Financial Institutions Committee; 009-002-006

Mar 12, 2003

House · Amendment adopted

House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote

Mar 12, 2003

House · Amendment offered

House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee

Feb 11, 2003

House · Referred to committee

Assigned to Financial Institutions Committee

Feb 6, 2003

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor