Bill Sponsors: IL HB5205 | 2017-2018 | 100th General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB5205 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Nicholas Smith [D]PrimarySponsored BillsHD-034FollowTheMoneyBallotpediaVoteSmart
Representative Marcus Evans [D]CosponsorSponsored BillsHD-033FollowTheMoneyBallotpediaVoteSmart

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