CONSUMER INSTALL-PAYDAY LOAN
Summary
Amends the Consumer Installment Loan Act. Provides that if any person who is not licensed under the Act makes a loan pursuant to the Act to an Illinois consumer, then the loan shall be null and void and the person who made the loan shall have no right to collect, receive, or retain any principal, interest, or charges related to the loan. Amends the Payday Loan Reform Act. Provides that if any lender who is not licensed under the Act makes a loan pursuant to the Act to an Illinois consumer, then the loan shall be null and void and the lender who made the loan shall have no right to collect, receive, or retain any principal, interest, or charges related to the loan. Effective January 1, 2013.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2012
Committee Review
May 2012
House Passage
May 2012
Senate Passage
May 2012
Signed into Law
Aug 2012
Introduced Feb 23, 2012
Signed Aug 20, 2012
Floor votes · Senate May 24, 2012 · House Feb 22, 2012
How they voted
58–0
Passed
Total votes 58
May 24, 2012
D
Democratic34
100% Yea
R
Republican24
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
62
Key actions
5
Committee
12
Amendments
5
Aug 20, 2012
Became law
Public Act . . . . . . . . . 97-1039
Aug 20, 2012
Signed into law
Governor Approved
May 24, 2012
House · Passed
Passed Both Houses
May 24, 2012
Senate · Amendment failed
Senate Committee Amendment No. 1 Tabled
May 24, 2012
Senate · Reported by committee
Senate Committee Amendment No. 1 Motion to Table Amendment - Prevailed
May 24, 2012
Senate · Passed
Senate Vote: pass (58-0)
Apr 26, 2012
Senate · Reported by committee
Do Pass as Amended Financial Institutions; 009-000-000
Apr 26, 2012
Senate · Amendment adopted
Senate Committee Amendment No. 1 Adopted
Apr 19, 2012
Senate · Reported by committee
Senate Committee Amendment No. 1 Postponed - Financial Institutions
Apr 18, 2012
Senate · Reported by committee
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Apr 18, 2012
Senate · Referred to committee
Senate Committee Amendment No. 1 Referred to Assignments
Apr 18, 2012
Senate · Amendment offered
Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine
Apr 11, 2012
Senate · Referred to committee
Assigned to Financial Institutions
Feb 23, 2012
Senate · Referred to committee
Referred to Assignments
Feb 23, 2012
Senate · Introduced
Arrive in Senate
Feb 22, 2012
House · Passed
House Vote: pass (90-27-1)
Feb 21, 2012
House · Amendment adopted
House Floor Amendment No. 1 Adopted by Voice Vote
Feb 21, 2012
House · Reported by committee
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
Feb 7, 2012
House · Referred to committee
House Floor Amendment No. 1 Referred to Rules Committee
Feb 7, 2012
House · Amendment offered
House Floor Amendment No. 1 Filed with Clerk by Rep. Greg Harris
Feb 1, 2012
House · Reported by committee
Do Pass / Short Debate Consumer Protection Committee; 013-004-000
Jan 24, 2012
House · Referred to committee
Assigned to Consumer Protection Committee
Jan 10, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Martin A. Sandoval
DDemocratic
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