HB 5455

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Payday Loan Payment 1000 Limit

Abstract

Amends the Payday Loan Reform Act. Provides that a lender may not make a loan to a consumer if the total of all payday loan payments coming due within any month, rather than the first calendar month, during the term of the loan exceeds the lesser of $1,000 or specified percentages of the consumer's gross monthly income.

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Jan 08, 2013

House

Session Sine Die

Mar 09, 2012

House

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

Feb 27, 2012

House

Assigned to Consumer Protection Committee

Feb 15, 2012

House

First Reading

House

Referred to Rules Committee

Feb 09, 2012

House

Filed with the Clerk by Rep. Luis Arroyo

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