Bill Title: Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2025-02-07 - Referred to Assignments [SB2479 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-02-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2479

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2479 currently on file.