SB 3577

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Installment Loans-Reporting

Abstract

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.

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Feb 09, 2024

Senate

Filed with Secretary by Sen. Mattie Hunter

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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