Bill Sponsors: IL SB3577 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Consumer Installment Loan Act. Provides that an entity licensed under the Act shall enter information regarding each loan that exceeds $500 (rather than all loans) into the consumer reporting service database and shall follow the Department of Financial and Professional Regulation's related rules. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-02-09 - Referred to Assignments [SB3577 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Mattie Hunter [D]PrimarySponsored BillsSD-003FollowTheMoneyBallotpediaVoteSmart

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