IL SB1758 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0563
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Consumer Installment Loan Act and the Payday Loan Reform Act. Provides that "substantially equal installment" includes a last regularly scheduled payment that is no more than 5% as large as the previous scheduled payment according to a disclosed payment schedule agreed to by the parties. Effective immediately.

Tracking Information

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Title

INSTALLMENT/PAYDAY LOANS

Sponsors


Roll Calls

2019-05-31 - Senate - Concurrence in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
2019-05-28 - House - Third Reading in House (Y: 114 N: 0 NV: 1 Abs: 1) [PASS]
2019-03-28 - Senate - Third Reading in Senate (Y: 49 N: 0 NV: 10 Abs: 0) [PASS]

History

DateChamberAction
2019-08-23SenatePublic Act . . . . . . . . . 101-0563
2019-08-23SenateEffective Date August 23, 2019
2019-08-23SenateGovernor Approved
2019-06-28SenateSent to the Governor
2019-05-31SenatePassed Both Houses
2019-05-31SenateSenate Concurs
2019-05-31SenateHouse Floor Amendment No. 1 Senate Concurs 059-000-000
2019-05-30SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 014-000-001
2019-05-29SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive
2019-05-29SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
2019-05-29SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Antonio Muñoz
2019-05-29SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2019
2019-05-29SenateSecretary's Desk - Concurrence House Amendment(s) 1
2019-05-28HouseThird Reading - Short Debate - Passed 114-000-001
2019-05-28HousePlaced on Calendar Order of 3rd Reading - Short Debate
2019-05-28HouseHouse Floor Amendment No. 1 Adopted
2019-05-24HouseFinal Action Deadline Extended-9(b) May 31, 2019
2019-05-22HouseHeld on Calendar Order of Second Reading - Short Debate
2019-05-22HouseSecond Reading - Short Debate
2019-05-21HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions Committee; 010-000-000
2019-05-20HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions Committee
2019-05-16HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2019-05-16HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
2019-05-02HousePlaced on Calendar 2nd Reading - Short Debate
2019-04-30HouseDo Pass / Short Debate Financial Institutions Committee; 013-000-000
2019-04-12HouseAdded Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit
2019-04-12HouseAdded Alternate Chief Co-Sponsor Rep. Sue Scherer
2019-04-09HouseAssigned to Financial Institutions Committee
2019-03-28HouseReferred to Rules Committee
2019-03-28HouseFirst Reading
2019-03-28HouseChief House Sponsor Rep. Emanuel Chris Welch
2019-03-28HouseArrived in House
2019-03-28SenateThird Reading - Passed; 049-000-000
2019-03-27SenatePlaced on Calendar Order of 3rd Reading March 28, 2019
2019-03-27SenateSecond Reading
2019-03-21SenatePlaced on Calendar Order of 2nd Reading March 26, 2019
2019-03-21SenateDo Pass as Amended Executive; 016-000-000
2019-03-21SenateSenate Committee Amendment No. 1 Adopted
2019-03-19SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
2019-03-15SenateSenate Committee Amendment No. 1 Referred to Assignments
2019-03-15SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Antonio Muñoz
2019-03-12SenateAssigned to Executive
2019-02-15SenateReferred to Assignments
2019-02-15SenateFirst Reading
2019-02-15SenateFiled with Secretary by Sen. Antonio Muñoz

Code Citations

ChapterArticleSectionCitation TypeStatute Text
20567015Amended CodeCitation Text
8151222-5Amended CodeCitation Text

Illinois State Sources

TypeSource
Summaryhttps://www.ilga.gov/legislation/BillStatus.asp?DocNum=1758&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Texthttps://www.ilga.gov/legislation/101/SB/10100SB1758.htm
Texthttps://www.ilga.gov/legislation/101/SB/10100SB1758eng.htm
Texthttps://www.ilga.gov/legislation/101/SB/10100SB1758enr.htm
Texthttps://www.ilga.gov/legislation/publicacts/101/101-0563.htm
Amendmenthttps://www.ilga.gov/legislation/101/SB/10100SB1758sam001.htm
Amendmenthttps://www.ilga.gov/legislation/101/SB/10100SB1758ham001.htm
Roll Callhttps://www.ilga.gov/legislation/votehistory/101/senate/10100SB1758_03282019_032000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/101/house/10100SB1758_05282019_027000T.pdf
Roll Callhttps://www.ilga.gov/legislation/votehistory/101/senate/10100SB1758ham001_05312019_048000C.pdf

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