Antonio Muñoz
- Democratic
Primary
Amends the Consumer Installment Loan Act. Provides that if any person who is not licensed under the Act makes a loan pursuant to the Act to an Illinois consumer, then the loan shall be null and void and the person who made the loan shall have no right to collect, receive, or retain any principal, interest, or charges related to the loan. Amends the Payday Loan Reform Act. Provides that if any lender who is not licensed under the Act makes a loan pursuant to the Act to an Illinois consumer, then the loan shall be null and void and the lender who made the loan shall have no right to collect, receive, or retain any principal, interest, or charges related to the loan. Effective January 1, 2013.
No votes to display
Session Sine Die
Added as Co-Sponsor Sen. Emil Jones, III
Rule 3-9(a) / Re-referred to Assignments
Postponed - Financial Institutions
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
Assigned to Financial Institutions
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Filed with Secretary by Sen. Antonio Muñoz
Referred to Assignments
First Reading
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