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SB 1193 Illinois Senate · 93rd Regular Session

CONS INST LOAN PRACTICES

Summary
Amends the Consumer Installment Loan Act. Provides for the regulation of deferred deposit lenders. Limits the number of times a deferred deposit loan may be refinanced. Requires deferred deposit lenders to make disclosures concerning the availability of debt management services. Amends the Criminal Code of 1961 to provide that deferred deposit lenders may not collect treble damages for unpaid checks. Effective October 1, 2003.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2003
Committee Review
May 2003
Senate Passage
Apr 2003
House Passage
Governor
Introduced Apr 4, 2003 Last action Jan 11, 2005
Floor votes · Senate Apr 4, 2003

How they voted

48–2
Passed · 3 other
Total votes 53
Apr 4, 2003
D Democratic28
28 Yea
100% Yea
R Republican25
20 Yea 2 Nay 3
80% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
28
Key actions
4
Committee
8
Amendments
2
May 2, 2003
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 9, 2003
Committee
Assigned to Executive Committee
lower
Apr 8, 2003
Committee
Referred to Rules Committee
lower
Apr 4, 2003
Introduced
Arrived in House
lower
Apr 4, 2003
Senate · Passed
Senate Vote: pass (48-2-3)
senate
Mar 13, 2003
Upper · Passed
Do Pass as Amended Financial Institutions; 006-000-000
upper
Mar 13, 2003
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 11, 2003
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
upper
Mar 7, 2003
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
Mar 7, 2003
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford
upper
Feb 27, 2003
Committee
Assigned to Financial Institutions
upper
Feb 20, 2003
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.