Bill Title: Amends the Payday Loan Reform Act. Authorizes a municipality to limit the number of licensees located in the municipality beginning January 1, 2015. Provides that the limit established by a municipality may be no less than 5. Provides for the Department of Financial and Professional Regulation to randomly nonrenew licenses if the renewed license would result in a number of licenses in excess of the municipal limit. Reduces maximum permissible finance charges.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2015-01-13 - Session Sine Die
[SB3410 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Introduced | 2014-02-14 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for Illinois SB3410 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for Illinois SB3410 currently on file. |
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