Bill Text: IL HB3257 | 2011-2012 | 97th General Assembly | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Payday Loan Reform Act. Provides that notwithstanding any other provision of law, a violation of any provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or any regulation adopted pursuant thereto shall be deemed to be a violation of the Payday Loan Reform Act. Strikes language regarding limiting collection efforts of payday loan lenders against consumers who are members of the military.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2011-08-16 - Public Act . . . . . . . . . 97-0413 [HB3257 Detail]

Download: Illinois-2011-HB3257-Enrolled.html

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HB3257 Enrolled LRB097 10949 AEK 51532 b
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Payday Loan Reform Act is amended by adding
Section 2-51 as follows:
(815 ILCS 122/2-51 new)
Sec. 2-51. Violation of Federal law constitutes a violation
of this Act with respect to practices concerning members of the
military and their dependents. Notwithstanding any other
provision of law, a violation of any provision of Section 670
of the John Warner National Defense Authorization Act for
Fiscal Year 2007, Public Law 109-364, or any regulation adopted
pursuant thereto shall be deemed to be a violation of this Act.