IL HB2560 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in chamber
Action: 2019-04-03 - Tabled
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

CHECK & MONEY ORDER MAX RATES

Sponsors


History

DateChamberAction
2019-04-03HouseTabled
2019-04-03HouseMotion Prevailed
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-05HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Nicholas K. Smith
2019-02-26HouseAssigned to Financial Institutions Committee
2019-02-13HouseReferred to Rules Committee
2019-02-13HouseFirst Reading
2019-02-13HouseFiled with the Clerk by Rep. Nicholas K. Smith

Code Citations

ChapterArticleSectionCitation TypeStatute Text
20540519.3Amended CodeCitation Text

Illinois State Sources


Bill Comments

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