SB 236 Illinois Senate · 93rd Regular Session

CONS INSTALL LOAN CHARGE LIMIT

Summary

Amends the Consumer Installment Loan Act. Limits all fees, interest, and other charges a licensee may impose in connection with a loan to 1,000% of the prime rate charged by the largest commercial bank in Illinois at the time the loan is made.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2003

Committee Review

Floor Vote

Governor

Introduced Feb 5, 2003 Last action Jan 11, 2005

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 11, 2005

Senate · Failed

Session Sine Die

Mar 14, 2003

Senate · Referred to committee

Rule 3-9(a) / Re-referred to Rules

Feb 19, 2003

Senate · Referred to committee

Assigned to Financial Institutions

Feb 5, 2003

Senate · Referred to committee

Referred to Rules

0 primary · 1 co-sponsor