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HB 3771 Illinois House · 99th Regular Session

CAR TITLE LOANS-APR LIMIT

Summary
Amends the Consumer Installment Loan Act. Provides that the annual percentage rate shall not exceed 21% for title-secured loans in which an obligor provides to the licensee, as a security for the loan, physical possession of the obligor's title to a motor vehicle. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2015
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2015 Last action Jan 10, 2017
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
10
Key actions
1
Committee
6
Amendments
1
Mar 27, 2015
Committee
House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
lower
Mar 27, 2015
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 24, 2015
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Consumer Protection Committee
lower
Mar 23, 2015
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 23, 2015
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Sue Scherer
lower
Mar 12, 2015
Committee
Assigned to Consumer Protection Committee
lower
Feb 27, 2015
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.