HB 2350

  • Illinois House Bill
  • 96th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Commercial Loans-Intrst Limit

Abstract

Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act. Provides that a bank, savings and loan association, savings bank, or credit union organized under the laws of this State must not make commercial loans with an effective annual percentage rate of more than 9% available to a borrower. Effective immediately.

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Jan 11, 2011

House

Session Sine Die

Mar 13, 2009

House

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

Mar 03, 2009

House

Motion Do Pass - Lost Financial Institutions Committee; 007-012-003

House

Remains in Financial Institutions Committee

Feb 23, 2009

House

Assigned to Financial Institutions Committee

Feb 19, 2009

House

First Reading

House

Referred to Rules Committee

Feb 18, 2009

House

Filed with the Clerk by Rep. Kevin Joyce

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