HB 5833 Illinois House · 94th Regular Session

CONS LOANS-PROTECT-PROHIB-DISC

Summary
Amends the Consumer Installment Loan Act. Provides provisions concerning consumer protections, prohibited acts, required disclosures, and members of the military for loans under the Act with a finance charge exceeding an annual percentage rate of 36% for which the lender accepts any of the following as security for the loan: (1) one or more checks dated on the date written with an agreement to hold them for a period of days before deposit or presentment or one or more checks dated subsequent to the date written with an agreement to hold them for deposit; (2) one or more authorizations to debit a consumer's bank account; or (3) an interest in a consumer's wages, including, but not limited to, a wage assignment.
Bill status failed 1 of 4 stages cleared
Introduction
Sep 2006
Committee Review
Floor Vote
Governor
Introduced Sep 21, 2006 Last action Jan 9, 2007
Floor votes

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Full legislative history

Actions timeline

Total actions
6
Key actions
0
Committee
2
Jan 9, 2007
House · Failed
Session Sine Die
Nov 2, 2006
House · Referred to committee
Assigned to Executive Committee
Nov 1, 2006
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Edward J. Acevedo
Edward J. Acevedo
DDemocratic
IL
2