HB 5840

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Predatory Loans-Pawnbrokers

Abstract

Amends the Pawnbroker Regulation Act. Clarifies that it shall be unlawful for any pawnbroker to charge or collect a greater benefit or percentage upon money advanced, and for the use and forbearance thereof, than permitted under the Predatory Loan Prevention Act. Amends the Predatory Loan Prevention Act. Provides that the definition of "loan" includes transactions subject to the Pawnbroker Regulation Act. Provides that it is a violation of the Act for any person or entity to solicit, broker, or otherwise engage in any other activity intended to facilitate or result in, or that in fact facilitates or results in, the origination of a loan that violates the Act. Provides that it is a violation of the Act for any person or entity to advertise or cause to be advertised a loan that violates the Act. Provides that a violation of the Act by a person or entity licensed under the Pawnbroker Regulation Act shall subject the person or entity to discipline in accordance with that Act. Makes other changes. Effective June 1, 2023.

Bill Sponsors (24)

Votes


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Actions


Jan 10, 2023

House

Session Sine Die

Jan 05, 2023

House

Added Co-Sponsor Rep. Joyce Mason

Dec 09, 2022

House

Added Co-Sponsor Rep. Debbie Meyers-Martin

Dec 02, 2022

House

Added Co-Sponsor Rep. Anne Stava-Murray

Nov 30, 2022

House

Added Co-Sponsor Rep. Kelly M. Burke

House

Added Co-Sponsor Rep. Jehan Gordon-Booth

House

Added Co-Sponsor Rep. Jennifer Gong-Gershowitz

House

Added Co-Sponsor Rep. Stephanie A. Kifowit

House

Added Chief Co-Sponsor Rep. Andrew S. Chesney

House

Added Co-Sponsor Rep. Aaron M. Ortiz

Nov 28, 2022

House

Added Co-Sponsor Rep. Margaret Croke

House

Added Co-Sponsor Rep. Robert Rita

House

Added Co-Sponsor Rep. Theresa Mah

Nov 16, 2022

House

Referred to Rules Committee

House

First Reading

Nov 15, 2022

House

Added Co-Sponsor Rep. Kambium Buckner

House

Added Co-Sponsor Rep. Sam Yingling

House

Added Co-Sponsor Rep. Ann M. Williams

House

Added Co-Sponsor Rep. Anna Moeller

House

Added Co-Sponsor Rep. Lindsey LaPointe

House

Added Co-Sponsor Rep. Barbara Hernandez

House

Added Co-Sponsor Rep. Will Guzzardi

House

Added Co-Sponsor Rep. Robyn Gabel

House

Added Co-Sponsor Rep. Marcus C. Evans, Jr.

House

Added Co-Sponsor Rep. Kelly M. Cassidy

House

Added Co-Sponsor Rep. Dagmara Avelar

Nov 14, 2022

House

Filed with the Clerk by Rep. Sonya M. Harper

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

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Sources

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