HB 3634

  • Illinois House Bill
  • 104th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Consumer Reporting Service

Abstract

Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.

Bill Sponsors (1)

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Actions


Mar 21, 2025

House

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

Mar 11, 2025

House

Assigned to Judiciary - Civil Committee

Feb 18, 2025

House

First Reading

House

Referred to Rules Committee

Feb 07, 2025

House

Filed with the Clerk by Rep. Jawaharial Williams

Bill Text

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Introduced HTML PDF

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Sources

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