SB 1116

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate Apr 09, 2003
  • Passed Senate Apr 08, 2003
  • Passed House May 21, 2003
  • Signed by Governor Jul 22, 2003

Credit Card Issuance-Int Rate

Abstract

Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. Effective immediately.

Bill Sponsors (5)

Votes


Actions


Jul 22, 2003

Senate

Effective Date January 1, 2004

Senate

Governor Approved

Senate

Public Act . . . . . . . . . 93-0287

Jun 19, 2003

Senate

Sent to the Governor

May 28, 2003

House

Added Alternate Co-Sponsor Rep. Wyvetter H. Younge

May 21, 2003

Senate

Passed Both Houses

House

Third Reading - Short Debate - Passed 116-000-000

May 14, 2003

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Added Alternate Chief Co-Sponsor Rep. Monique D. Davis

House

Second Reading - Short Debate

May 13, 2003

House

Added Alternate Co-Sponsor Rep. Annazette Collins

House

Added Alternate Co-Sponsor Rep. Charles E. Jefferson

House

Added Alternate Co-Sponsor Rep. Robert Rita

House

Added Alternate Chief Co-Sponsor Rep. Art Tenhouse

May 09, 2003

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass / Short Debate Consumer Protection Committee; 007-000-000

May 02, 2003

House

Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003

Apr 29, 2003

House

Re-assigned to Consumer Protection Committee

Apr 16, 2003

House

Added Alternate Chief Co-Sponsor Rep. Eddie Washington

House

Assigned to Executive Committee

Apr 14, 2003

House

Referred to Rules Committee

House

First Reading

Apr 10, 2003

House

Chief House Sponsor Rep. Lovana Jones

Apr 09, 2003

House

Placed on Calendar Order of First Reading

House

Arrived in House

Apr 08, 2003

Senate

Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

Senate

Senate Floor Amendment No. 3 Rules Refers to Executive

Senate

Senate Floor Amendment No. 3 Be Adopted Executive; 012-000-000

Senate

Recalled to Second Reading

Senate

Senate Floor Amendment No. 3 Adopted; Hendon

Senate

Placed on Calendar Order of 3rd Reading April 8, 2003

Senate

Third Reading - Passed; 055-000-000

Senate

Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

Apr 04, 2003

Senate

Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.

Apr 02, 2003

Senate

Senate Floor Amendment No. 3 Referred to Rules

Senate

Senate Floor Amendment No. 3 Filed with Secretary by Sen. Rickey R. Hendon

Mar 26, 2003

Senate

Senate Floor Amendment No. 2 Rules Refers to Financial Institutions

Mar 25, 2003

Senate

Senate Floor Amendment No. 1 Postponed - Financial Institutions

Mar 24, 2003

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Rickey R. Hendon

Senate

Senate Floor Amendment No. 2 Referred to Rules

Senate

Senate Floor Amendment No. 1 Rules Refers to Financial Institutions

Mar 18, 2003

Senate

Placed on Calendar Order of 3rd Reading March 19, 2003

Senate

Second Reading

Mar 11, 2003

Senate

Senate Floor Amendment No. 1 Referred to Rules

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Rickey R. Hendon

Mar 06, 2003

Senate

Do Pass Financial Institutions; 009-000-000

Senate

Placed on Calendar Order of 2nd Reading March 11, 2003

Feb 26, 2003

Senate

Assigned to Financial Institutions

Feb 20, 2003

Senate

First Reading

Senate

Referred to Rules

Senate

Filed with Secretary by Sen. Rickey R. Hendon

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
Senate Amendment 003
Senate Amendment 002
Senate Amendment 001

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.