Emil Jones, Jr.
Cosponsor
Creates the Payday Loan Reform Act. Provides that the Division of Financial Institutions of the Department of Financial and Professional Regulation shall license and regulate entities that offer payday loans (loans under which a lender accepts a post-dated check, authorization to debit a consumer's bank account, or an interest in a consumer's wages as security for the loan). Establishes requirements and restrictions applicable to license applications and licensing. Contains provisions regarding: limitations, requirements, and disclosures applicable to loan agreements, terms of loans, finance charges, and renewal of loans; revocation, suspension, and surrender of licenses; information to be available to the public; complaint handling; hearings; books and records; reports; advertising; prohibited acts; bonding; administrative rules; and other matters. Amends the Financial Institutions Code to provide for the administration of the Payday Loan Reform Act. Amends the Consumer Installment Loan Act to provide that the Act does not apply to payday loans. Provides that a violation of the Payday Loan Reform Act constitutes a violation of the Consumer Fraud and Deceptive Business Practices Act. Effective immediately.
Public Act . . . . . . . . . 94-0013
Effective Date December 6, 2005
Governor Approved
Sent to the Governor
Senate Committee Amendment No. 1 House Concurs 116-000-000
Passed Both Houses
Senate Floor Amendment No. 3 House Concurs 116-000-000
Added Co-Sponsor Rep. Terry R. Parke
Senate Floor Amendment No. 3 Motion to Concur Recommends be Adopted Financial Institutions Committee; 021-000-000
Added Co-Sponsor Rep. Lovana Jones
Senate Committee Amendment No. 1 Motion to Concur Recommends be Adopted Financial Institutions Committee; 021-000-000
Senate Floor Amendment No. 3 Motion to Concur Referred to Financial Institutions Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Financial Institutions Committee
Placed on Calendar Order of Concurrence Senate Amendment(s) 1,3
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Floor Amendment No. 3 Motion Filed Concur Rep. David E. Miller
Senate Committee Amendment No. 1 Motion Filed Concur Rep. David E. Miller
Arrived in House
Added as Alternate Co-Sponsor Sen. Iris Y. Martinez
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
Third Reading - Passed; 057-001-000
Added as Alternate Co-Sponsor Sen. James F. Clayborne, Jr.
Added as Alternate Co-Sponsor Sen. Emil Jones, Jr.
Added as Alternate Co-Sponsor Sen. William R. Haine
Added as Alternate Co-Sponsor Sen. Arthur J. Wilhelmi
Added as Alternate Co-Sponsor Sen. Deanna Demuzio
Added as Alternate Co-Sponsor Sen. George P. Shadid
Added as Alternate Co-Sponsor Sen. Louis S. Viverito
Added as Alternate Co-Sponsor Sen. Debbie DeFrancesco Halvorson
Added as Alternate Co-Sponsor Sen. Miguel del Valle
Added as Alternate Co-Sponsor Sen. Terry Link
Added as Alternate Co-Sponsor Sen. Mike Jacobs
Added as Alternate Co-Sponsor Sen. Gary Forby
Added as Alternate Co-Sponsor Sen. Antonio Munoz
Added as Alternate Co-Sponsor Sen. Ira I. Silverstein
Added as Alternate Co-Sponsor Sen. Martin A. Sandoval
Placed on Calendar Order of 3rd Reading May 19, 2005
Senate Floor Amendment No. 3 Adopted; Collins
Recalled to Second Reading
Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 005-000-000
Senate Floor Amendment No. 3 Rules Refers to Financial Institutions
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Jacqueline Y. Collins
Senate Floor Amendment No. 3 Referred to Rules
Fiscal Note Filed as amended by Senate Amendment No. 1, from the Illinois Department of Financial and Professional Regulation.
Placed on Calendar Order of 3rd Reading May 11, 2005
Second Reading
Do Pass as Amended Financial Institutions; 010-000-000
Senate Floor Amendment No. 2 Referred to Rules
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins
Placed on Calendar Order of 2nd Reading May 10, 2005
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Referred to Rules
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
Added as Alternate Co-Sponsor Sen. Rickey R. Hendon
Assigned to Financial Institutions
Added as Alternate Co-Sponsor Sen. Don Harmon
Added as Alternate Co-Sponsor Sen. Edward D. Maloney
Added as Alternate Co-Sponsor Sen. Carol Ronen
Added as Alternate Co-Sponsor Sen. M. Maggie Crotty
Added as Alternate Co-Sponsor Sen. Todd Sieben
Added as Alternate Co-Sponsor Sen. Adeline Jay Geo-Karis
Added as Alternate Co-Sponsor Sen. William E. Peterson
Added as Alternate Co-Sponsor Sen. Mattie Hunter
Housing Affordability Impact Note Filed from the Illinois Housing Development Authority.
Added as Alternate Co-Sponsor Sen. Dale E. Risinger
Added as Alternate Co-Sponsor Sen. Dave Sullivan
Added as Alternate Co-Sponsor Sen. James T. Meeks
Added as Alternate Co-Sponsor Sen. Donne E. Trotter
Added as Alternate Chief Co-Sponsor Sen. Dale A. Righter
Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
Added as Alternate Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
Chief Senate Sponsor Sen. Kimberly A. Lightford
Arrive in Senate
Placed on Calendar Order of First Reading April 14, 2005
Referred to Rules
First Reading
Added as Alternate Co-Sponsor Sen. Kwame Raoul
Added Co-Sponsor Rep. Cynthia Soto
Added Co-Sponsor Rep. Shane Cultra
House Floor Amendment No. 3 Tabled Pursuant to Rule 40(a)
House Floor Amendment No. 2 Tabled Pursuant to Rule 40(a)
Third Reading - Standard Debate - Passed 117-000-000
Removed Co-Sponsor Rep. Kurt M. Granberg
Added Co-Sponsor Rep. Mike Boland
Added Chief Co-Sponsor Rep. Kurt M. Granberg
Remove Chief Co-Sponsor Rep. Mike Boland
Placed on Calendar Order of 3rd Reading - Standard Debate
Balanced Budget Note Filed As Amended by HA 4
Correctional Note Filed As Amended by HA 4
Land Conveyance Appraisal Note Filed As Amended by HA 4
Fiscal Note Filed As Amended by HA 4
Housing Affordability Impact Note Filed As Amended by HA 4
Pension Note Filed As Amended by HA 4
Held on Calendar Order of Second Reading - Standard Debate
House Floor Amendment No. 4 Adopted by Voice Vote
Second Reading - Standard Debate
Added Co-Sponsor Rep. Charles E. Jefferson
House Floor Amendment No. 4 Recommends Be Adopted Financial Institutions Committee; 028-000-000
Added Co-Sponsor Rep. John E. Bradley
Added Co-Sponsor Rep. Daniel V. Beiser
State Mandates Fiscal Note Filed As Amended by HA 4
Home Rule Note Filed As Amended by HA 4
House Floor Amendment No. 4 Rules Refers to Financial Institutions Committee
State Debt Impact Note Filed As Amended by HA 4
Land Conveyance Appraisal Note Requested by Rep. David E. Miller; As Amended by HA 4
Judicial Note Requested by Rep. David E. Miller; As Amended by HA 4
Housing Affordability Impact Note Requested by Rep. David E. Miller; As Amended by HA 4
Home Rule Note Requested by Rep. David E. Miller; As Amended by HA 4
Correctional Note Requested by Rep. David E. Miller; As Amended by HA 4
Balanced Budget Note Requested by Rep. David E. Miller; As Amended by HA 4
State Mandates Fiscal Note Requested by Rep. David E. Miller; As Amended by HA 4
Fiscal Note Requested by Rep. David E. Miller; As Amended by HA 4
House Floor Amendment No. 4 Filed with Clerk by Rep. David E. Miller
House Floor Amendment No. 4 Referred to Rules Committee
Judicial Note Filed As Amended by HA 4
Added Co-Sponsor Rep. Calvin L. Giles
Fiscal Note Filed As Amended by HA 4
State Debt Impact Note Requested by Rep. David E. Miller; As Amended by HA 4
Pension Note Requested by Rep. David E. Miller; As Amended by HA 4
Added Co-Sponsor Rep. Careen M Gordon
State Debt Impact Note Filed As Amended by HA 3
Added Co-Sponsor Rep. Robert F. Flider
Judicial Note Filed As Amended by HA 3
Judicial Note Filed As Amended by HA 2
Housing Affordability Impact Note Filed As Amended by HA 3
Housing Affordability Impact Note Filed As Amended by HA 2
Correctional Note Filed
Fiscal Note Filed
Correctional Note Filed As Amended by HA 1
Fiscal Note Filed As Amended by HA 1
Correctional Note Filed As Amended by HA 2
Fiscal Note Filed As Amended by HA 2
Correctional Note Filed As Amended by HA 3
Fiscal Note Filed As Amended by HA 3
Balanced Budget Note Filed
Housing Affordability Impact Note Filed As Amended by HA 3
Housing Affordability Impact Note Filed As Amended by HA 2
State Debt Impact Note Filed As Amended by HA 2
Fiscal Note Filed As Amended by HA 3 (REVISED)
Balanced Budget Note Filed As Amended by HA 3
Balanced Budget Note Filed As Amended by HA 2
Balanced Budget Note Filed As Amended by HA 1
Housing Affordability Impact Note Requested by Rep. David E. Miller; As Amended by HA 3
Pension Note Filed As Amended by HA 3
Pension Note Filed As Amended by HA 2
Home Rule Note Filed As Amended by HA 2
State Mandates Fiscal Note Filed As Amended by HA 2
State Debt Impact Note Requested by Rep. David E. Miller; As Amended by HA 3
Pension Note Requested by Rep. David E. Miller; As Amended by HA 3
Land Conveyance Appraisal Note Requested by Rep. David E. Miller; As Amended by HA 3
Co-Sponsor Rep. Randall M. Hultgren
Co-Sponsor Rep. Elizabeth Coulson
Co-Sponsor Rep. Patricia R. Bellock
Co-Sponsor Rep. Suzanne Bassi
Pension Note Requested by Rep. Brent Hassert; As Amended by HA 3
Judicial Note Requested by Rep. Brent Hassert; As Amended by HA 3
Housing Affordability Impact Note Requested by Rep. Brent Hassert; As Amended by HA 3
Home Rule Note Requested by Rep. Brent Hassert; As Amended by HA 3
Correctional Note Requested by Rep. Brent Hassert; As Amended by HA 3
State Mandates Fiscal Note Requested by Rep. Brent Hassert; As Amended by HA 3
Fiscal Note Requested by Rep. Brent Hassert; As Amended by HA 3
State Mandates Fiscal Note Filed As Amended by HA 1
Home Rule Note Filed As Amended by HA 1
Correctional Note Requested by Rep. David E. Miller; As Amended by HA 3
Balanced Budget Note Requested by Rep. David E. Miller; As Amended by HA 3
Judicial Note Filed As Amended by HA 3
Fiscal Note Filed As Amended by HA 3
State Mandates Fiscal Note Filed As Amended by HA 3
Home Rule Note Filed As Amended by HA 3
Fiscal Note Filed As Amended by HA 2
Correctional Note Filed As Amended by HA 2
Pension Note Requested by Rep. Brent Hassert; As Amended by HA 2
Judicial Note Requested by Rep. Brent Hassert; As Amended by HA 2
Housing Affordability Impact Note Requested by Rep. Brent Hassert; As Amended by HA 2
Home Rule Note Requested by Rep. Brent Hassert; As Amended by HA 2
Correctional Note Requested by Rep. Brent Hassert; As Amended by HA 2
State Mandates Fiscal Note Requested by Rep. Brent Hassert; As Amended by HA 2
Fiscal Note Requested by Rep. Brent Hassert; As Amended by HA 2
Judicial Note Filed As Amended by HA 2
Correctional Note Filed
Fiscal Note Filed
Correctional Note Filed As Amended by HA 3
Fiscal Note Filed As Amended by HA 3
Fiscal Note Filed As Amended by HA 1
Co-Sponsor Rep. Eileen Lyons
Co-Sponsor Rep. Wyvetter H. Younge
Co-Sponsor Rep. David Reis
Co-Sponsor Rep. Ruth Munson
Added Co-Sponsor Rep. Michelle Chavez
Added Co-Sponsor Rep. Arthur L. Turner
Added Co-Sponsor Rep. Michael K. Smith
House Floor Amendment No. 3 Referred to Rules Committee
House Floor Amendment No. 3 Filed with Clerk by Rep. David E. Miller
Held on Calendar Order of Second Reading - Standard Debate
Second Reading - Standard Debate
Added Co-Sponsor Rep. Barbara Flynn Currie
Added Co-Sponsor Rep. Harry Osterman
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 2 Filed with Clerk by Rep. David E. Miller
Added Co-Sponsor Rep. Linda Chapa LaVia
Housing Affordability Impact Note Filed
State Debt Impact Note Filed As Amended by HA 1
State Debt Impact Note Filed
Pension Note Filed As Amended by HA 1
Pension Note Filed
Added Co-Sponsor Rep. James H. Meyer
Judicial Note Filed
Placed on Calendar 2nd Reading - Standard Debate
State Debt Impact Note Requested by Rep. David E. Miller
Pension Note Requested by Rep. David E. Miller
Land Conveyance Appraisal Note Requested by Rep. David E. Miller
Judicial Note Requested by Rep. David E. Miller
Housing Affordability Impact Note Requested by Rep. David E. Miller
Home Rule Note Requested by Rep. David E. Miller
Correctional Note Requested by Rep. David E. Miller
Balanced Budget Note Requested by Rep. David E. Miller
State Mandates Fiscal Note Requested by Rep. David E. Miller
Fiscal Note Requested by Rep. David E. Miller
Added Chief Co-Sponsor Rep. Mike Boland
Do Pass as Amended / Standard Debate Financial Institutions Committee; 016-003-010
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
Added Co-Sponsor Rep. Kurt M. Granberg
Remove Chief Co-Sponsor Rep. Kurt M. Granberg
Remove Chief Co-Sponsor Rep. Susana A Mendoza
Added Co-Sponsor Rep. Richard T. Bradley
Added Co-Sponsor Rep. William Delgado
Added Co-Sponsor Rep. Rosemary Mulligan
Added Co-Sponsor Rep. JoAnn D. Osmond
Added Co-Sponsor Rep. Susana A Mendoza
Removed Co-Sponsor Rep. Kurt M. Granberg
Added Chief Co-Sponsor Rep. Kurt M. Granberg
Added Co-Sponsor Rep. Kurt M. Granberg
Added Co-Sponsor Rep. Monique D. Davis
Added Co-Sponsor Rep. George Scully, Jr.
Added Co-Sponsor Rep. Roger L. Eddy
Added Co-Sponsor Rep. Milton Patterson
Added Co-Sponsor Rep. William B. Black
Added Co-Sponsor Rep. Naomi D. Jakobsson
Added Co-Sponsor Rep. Kathleen A. Ryg
Added Co-Sponsor Rep. William Davis
Added Co-Sponsor Rep. Brandon W. Phelps
Added Co-Sponsor Rep. Lisa M. Dugan
Added Co-Sponsor Rep. Jack McGuire
Added Co-Sponsor Rep. Jim Watson
Assigned to Financial Institutions Committee
Added Co-Sponsor Rep. Sara Feigenholtz
Added Co-Sponsor Rep. Larry McKeon
Added Co-Sponsor Rep. Deborah L. Graham
Added Co-Sponsor Rep. Annazette Collins
Added Co-Sponsor Rep. Marlow H. Colvin
Added Co-Sponsor Rep. Constance A. Howard
Added Co-Sponsor Rep. Eddie Washington
Added Co-Sponsor Rep. Karen A. Yarbrough
Added Co-Sponsor Rep. Paul D. Froehlich
Added Co-Sponsor Rep. Dave Winters
Added Co-Sponsor Rep. Mary E. Flowers
Added Co-Sponsor Rep. Lou Lang
Referred to Rules Committee
Co-Sponsor Rep. Robin Kelly
First Reading
Added Co-Sponsor Rep. Maria Antonia Berrios
Filed with the Clerk by Rep. David E. Miller
Chief Co-Sponsor Rep. Angelo Saviano
Chief Co-Sponsor Rep. Joseph M. Lyons
Chief Co-Sponsor Rep. Susana A Mendoza
Added Co-Sponsor Rep. Patrick J Verschoore
Chief Co-Sponsor Rep. John A. Fritchey
Co-Sponsor Rep. Julie Hamos
Co-Sponsor Rep. Thomas Holbrook
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 003 | |
| Senate Amendment 002 | |
| Senate Amendment 001 | |
| House Amendment 004 | |
| House Amendment 003 | |
| House Amendment 002 | |
| House Amendment 001 |
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