IL HB3935 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
August 20 2012 - Public Act . . . . . . . . . 97-1039
Text: Latest bill text (Chaptered) [HTML]
August 20 2012 - Public Act . . . . . . . . . 97-1039
Text: Latest bill text (Chaptered) [HTML]
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.
Title
CONSUMER INSTALL-PAYDAY LOAN
Sponsors
Roll Calls
2012-05-24 - Third Reading in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-22 - Third Reading in House (Y: 90 N: 27 NV: 0 Abs: 0) [PASS]
2012-02-22 - Third Reading in House (Y: 90 N: 27 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-08-20 | House | Public Act . . . . . . . . . 97-1039 |
| 2012-08-20 | House | Effective Date January 1, 2013 |
| 2012-08-20 | House | Governor Approved |
| 2012-06-22 | House | Sent to the Governor |
| 2012-05-24 | House | Passed Both Houses |
| 2012-05-24 | Senate | Third Reading - Passed; 059-000-000 |
| 2012-05-24 | Senate | Added as Alternate Co-Sponsor Sen. Martin A. Sandoval |
| 2012-05-24 | Senate | Senate Committee Amendment No. 1 Tabled |
| 2012-05-24 | Senate | Senate Committee Amendment No. 1 Motion to Table Amendment - Prevailed |
| 2012-05-24 | Senate | Recalled to Second Reading |
| 2012-05-03 | Senate | Placed on Calendar Order of 3rd Reading May 8, 2012 |
| 2012-05-03 | Senate | Second Reading |
| 2012-04-26 | Senate | Placed on Calendar Order of 2nd Reading May 1, 2012 |
| 2012-04-26 | Senate | Do Pass as Amended Financial Institutions; 009-000-000 |
| 2012-04-26 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2012-04-24 | Senate | Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins |
| 2012-04-19 | Senate | Postponed - Financial Institutions |
| 2012-04-19 | Senate | Senate Committee Amendment No. 1 Postponed - Financial Institutions |
| 2012-04-18 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions |
| 2012-04-18 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2012-04-18 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine |
| 2012-04-11 | Senate | Assigned to Financial Institutions |
| 2012-03-28 | Senate | Added as Alternate Chief Co-Sponsor Sen. Antonio Mu |
| 2012-03-27 | Senate | Alternate Chief Sponsor Changed to Sen. William R. Haine |
| 2012-02-23 | Senate | Referred to Assignments |
| 2012-02-23 | Senate | First Reading |
| 2012-02-23 | Senate | Chief Senate Sponsor Sen. Antonio Mu |
| 2012-02-23 | Senate | Placed on Calendar Order of First Reading |
| 2012-02-23 | Senate | Arrive in Senate |
| 2012-02-22 | House | Added Co-Sponsor Rep. Al Riley |
| 2012-02-22 | House | Added Co-Sponsor Rep. Kimberly du Buclet |
| 2012-02-22 | House | Third Reading - Short Debate - Passed 090-027-000 |
| 2012-02-21 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2012-02-21 | House | House Floor Amendment No. 1 Adopted by Voice Vote |
| 2012-02-21 | House | Second Reading - Short Debate |
| 2012-02-21 | House | House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 |
| 2012-02-17 | House | Added Co-Sponsor Rep. Eddie Lee Jackson, Sr. |
| 2012-02-14 | House | Added Co-Sponsor Rep. Karen A. Yarbrough |
| 2012-02-08 | House | Added Co-Sponsor Rep. Derrick Smith |
| 2012-02-08 | House | Added Co-Sponsor Rep. Elizabeth Hernandez |
| 2012-02-08 | House | Added Co-Sponsor Rep. Sandra M. Pihos |
| 2012-02-08 | House | Added Co-Sponsor Rep. Norine Hammond |
| 2012-02-08 | House | Added Co-Sponsor Rep. Kelly M. Cassidy |
| 2012-02-08 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 2012-02-08 | House | Added Co-Sponsor Rep. Linda Chapa LaVia |
| 2012-02-07 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2012-02-07 | House | Second Reading - Short Debate |
| 2012-02-07 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 2012-02-07 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Greg Harris |
| 2012-02-06 | House | Added Chief Co-Sponsor Rep. Barbara Flynn Currie |
| 2012-02-01 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2012-02-01 | House | Do Pass / Short Debate Consumer Protection Committee; 013-004-000 |
| 2012-01-31 | House | Added Chief Co-Sponsor Rep. Jehan A. Gordon |
| 2012-01-24 | House | Assigned to Consumer Protection Committee |
| 2012-01-17 | House | Added Co-Sponsor Rep. Monique D. Davis |
| 2012-01-12 | House | Added Chief Co-Sponsor Rep. John E. Bradley |
| 2012-01-10 | House | Referred to Rules Committee |
| 2012-01-10 | House | First Reading |
| 2011-12-21 | House | Chief Co-Sponsor Rep. Maria Antonia Berrios |
| 2011-12-21 | House | Filed with the Clerk by Rep. Greg Harris |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 670 | 20 | Amended Code | Citation Text |
| 815 | 122 | 4-10 | Amended Code | Citation Text |
