IL HB5384 | 2025-2026 | 104th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
Status: Passed on June 26 2026 - 100% progression
Action: 2026-06-26 - Public Act . . . . . . . . . 104-0520
Text: Latest bill text (Enrolled) [HTML]
Sponsorship: Partisan Bill (Democrat 2)
Status: Passed on June 26 2026 - 100% progression
Action: 2026-06-26 - Public Act . . . . . . . . . 104-0520
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the Currency Exchange Act. Removes provisions requiring the Secretary of Financial and Professional Regulation to investigate a currency exchange business at least once in each year and to review and report on the cost of operation of the Currency Exchange Section. Establishes fee-setting provisions for the administration of the Act. Amends the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Safety Deposit License Act. Makes changes to the authority of the Secretary and the Director of the Division of Financial Institutions to examine and investigate a business to determine if it is in compliance with those Acts. Establishes fee-setting provisions for the administration of those Acts. Amends the Debt Management Service Act, the Debt Settlement Consumer Protection Act, and the Payday Loan Reform Act. Establishes fee-setting provisions for the administration of those Acts. Makes other changes. Effective immediately.
Title
FINANCIAL REG-FEES-INVESTIGATE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-06-26 | House | Public Act . . . . . . . . . 104-0520 |
| 2026-06-26 | House | Effective Date June 26, 2026 |
| 2026-06-26 | House | Governor Approved |
| 2026-06-12 | House | Sent to the Governor |
| 2026-05-14 | House | Passed Both Houses |
| 2026-05-14 | Senate | Third Reading - Passed; 038-019-000 |
| 2026-04-30 | Senate | Placed on Calendar Order of 3rd Reading May 5, 2026 |
| 2026-04-30 | Senate | Second Reading |
| 2026-04-22 | Senate | Placed on Calendar Order of 2nd Reading April 28, 2026 |
| 2026-04-22 | Senate | Approved for Consideration Assignments |
| 2026-04-16 | Senate | Referred to Assignments |
| 2026-04-16 | Senate | First Reading |
| 2026-04-16 | Senate | Chief Senate Sponsor Sen. Mark L. Walker |
| 2026-04-10 | Senate | Placed on Calendar Order of First Reading April 14, 2026 |
| 2026-04-10 | Senate | Arrive in Senate |
| 2026-04-09 | House | Third Reading - Short Debate - Passed 070-036-000 |
| 2026-04-07 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2026-04-07 | House | Second Reading - Short Debate |
| 2026-04-07 | House | House Floor Amendment No. 1 Adopted |
| 2026-03-24 | House | House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 |
| 2026-03-24 | House | House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 2026-03-23 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 2026-03-23 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke |
| 2026-03-19 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2026-03-18 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-003-000 |
| 2026-02-24 | House | Assigned to Financial Institutions and Licensing Committee |
| 2026-02-10 | House | Referred to Rules Committee |
| 2026-02-10 | House | First Reading |
| 2026-02-06 | House | Filed with the Clerk by Rep. Margaret Croke |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 405 | 16 | Amended Code | Citation Text |
| 205 | 405 | 19.3 | Amended Code | Citation Text |
| 205 | 660 | 6.2 | New Code | See Bill Text |
| 205 | 660 | 6.3 | New Code | See Bill Text |
| 205 | 660 | 7 | Amended Code | Citation Text |
| 205 | 665 | 6.5 | New Code | See Bill Text |
| 205 | 670 | 10 | Amended Code | Citation Text |
| 205 | 670 | 2 | Amended Code | Citation Text |
| 205 | 670 | 2.5 | New Code | See Bill Text |
| 205 | 670 | 2.6 | New Code | See Bill Text |
| 225 | 429 | 78 | New Code | See Bill Text |
| 240 | 5 | 23 | Amended Code | Citation Text |
| 240 | 5 | 23.5 | New Code | See Bill Text |
| 815 | 122 | 3-6 | New Code | See Bill Text |
