Illinois House Bill 5205 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Currency Exchange Act. Provides the maximum rates to be charged by community and ambulatory currency exchanges for cashing any check or issuing any money order. Provides that no community or ambulatory currency exchange shall charge a fee for cashing any check or issuing any money order in excess of the maximum rates. Deletes language requiring the Secretary of Financial and Professional Regulation to formulate and issue schedules of reasonable maximum rates for check cashing and money orders.

CHECK & MONEY ORDER MAX RATES

Rep. Nicholas Smith [D]

Rep. Marcus Evans [D]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2018-02-28	House	Added Co-Sponsor Rep. Marcus C. Evans, Jr.
2018-02-16	House	Referred to Rules Committee
2018-02-16	House	First Reading
2018-02-15	House	Filed with the Clerk by Rep. Nicholas K Smith

Chapter	Article	Section	Citation Type	Statute Text
205	405	19.3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5205&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5205.htm