HB 5523

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Payday Loan Client Identity

Abstract

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.

Bill Sponsors (4)

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Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

Mar 17, 2020

House

Assigned to Financial Institutions Committee

Mar 05, 2020

House

Added Chief Co-Sponsor Rep. Carol Ammons

Mar 03, 2020

House

Added Co-Sponsor Rep. Nicholas K. Smith

Feb 28, 2020

House

Added Co-Sponsor Rep. Justin Slaughter

Feb 18, 2020

House

Referred to Rules Committee

House

First Reading

Feb 14, 2020

House

Filed with the Clerk by Rep. Emanuel Chris Welch

Bill Text

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Sources

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