Bill Amendment: IL SB1921 | 2021-2022 | 102nd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: WATER WELL INSTALLATION-SUNSET

Status: 2022-06-15 - Chief Sponsor Changed to Sen. Don Harmon [SB1921 Detail]

Download: Illinois-2021-SB1921-House_Amendment_002.html

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Rep. Dan Caulkins

Filed: 5/19/2021

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AMENDMENT TO SENATE BILL 1921
AMENDMENT NO. ______. Amend Senate Bill 1921, AS AMENDED,
by replacing everything after the enacting clause with the
following:
"Section 5. The Predatory Loan Prevention Act is amended
by changing Section 15-1-15 as follows:
(815 ILCS 123/15-1-15)
Sec. 15-1-15. Applicability.
(a) Except as otherwise provided in this Section, this Act
applies to any person or entity that offers or makes a loan to
a consumer in Illinois.
(b) The provisions of this Act apply to any person or
entity that seeks to evade its applicability by any device,
subterfuge, or pretense whatsoever.
(c) Banks, savings banks, savings and loan associations,
credit unions, and insurance companies organized, chartered,

10200SB1921ham002 - 2 - LRB102 12083 JLS 26827 a
or holding a certificate of authority to do business under the
laws of this State or any other state or under the laws of the
United States are exempt from the provisions of this Act.
(d) Pawnbrokers, as defined in Section 1 of the Pawnbroker
Regulation Act, are exempt from the provisions of this Act.
(Source: P.A. 101-658, eff. 3-23-21.)".