Bill Title: Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.

Spectrum: Partisan Bill (Democrat 9-0)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3450 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-02-13	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3450

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3450 currently on file.

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