IL HB3771 | 2015-2016 | 99th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-03-27 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-03-27 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
CAR TITLE LOANS-APR LIMIT
Sponsors
| Rep. Sue Scherer [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-27 | House | House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-24 | House | House Committee Amendment No. 1 Rules Refers to Consumer Protection Committee |
| 2015-03-23 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2015-03-23 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Sue Scherer |
| 2015-03-12 | House | Assigned to Consumer Protection Committee |
| 2015-02-27 | House | Referred to Rules Committee |
| 2015-02-27 | House | First Reading |
| 2015-02-26 | House | Filed with the Clerk by Rep. Sue Scherer |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 670 | 15 | Amended Code | Citation Text |
