SB 3523

  • Illinois Senate Bill
  • 97th Regular Session
  • Introduced in Senate Mar 29, 2012
  • Passed Senate Mar 28, 2012
  • House
  • Governor

Tax Refund Anticipation Loan

Abstract

Amends the Tax Refund Anticipation Loan Disclosure Act. Changes the short title of the Act to the Tax Refund Anticipation Loan Reform Act. Makes changes concerning disclosure requirements, prohibited activities, interest rate limits for non-bank refund anticipation loans, and defined terms. Provides a calculation for the refund anticipation loan interest rate. Provides that a person who violates the Tax Refund Anticipation Loan Reform Act commits an unlawful practice under the Consumer Fraud and Deceptive Practices Act. Makes conforming changes in the Currency Exchange Act and the Consumer Fraud and Deceptive Business Practices Act. Contains a severability provision. Effective immediately.

Bill Sponsors (2)

Votes


Actions


Jan 08, 2013

Senate

Session Sine Die

May 30, 2012

Senate

Added as Co-Sponsor Sen. Kimberly A. Lightford

May 01, 2012

House

Added Alternate Co-Sponsor Rep. Daniel V. Beiser

Apr 18, 2012

House

Added Alternate Chief Co-Sponsor Rep. Brandon W. Phelps

House

Added Alternate Chief Co-Sponsor Rep. Patrick J. Verschoore

Apr 17, 2012

House

Added Alternate Chief Co-Sponsor Rep. Carol A. Sente

Mar 29, 2012

House

Chief House Sponsor Rep. Michael J. Zalewski

House

Referred to Rules Committee

House

First Reading

House

Placed on Calendar Order of First Reading

House

Arrived in House

Mar 28, 2012

Senate

Sponsor Removed Sen. Mattie Hunter

Senate

Third Reading - Passed; 052-000-000

Senate

Added as Co-Sponsor Sen. Pamela J. Althoff

Senate

Added as Chief Co-Sponsor Sen. Iris Y. Martinez

Senate

Added as Chief Co-Sponsor Sen. Mattie Hunter

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 3 Adopted; J. Collins

Senate

Recalled to Second Reading

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Mar 27, 2012

Senate

Senate Floor Amendment No. 2 Tabled in Financial Institutions

Senate

Senate Floor Amendment No. 1 Tabled in Financial Institutions

Senate

Senate Floor Amendment No. 1 Tabled

Senate

Senate Floor Amendment No. 2 Tabled

Senate

Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 008-000-000

Mar 26, 2012

Senate

Senate Floor Amendment No. 3 Assignments Refers to Financial Institutions

Mar 23, 2012

Senate

Senate Floor Amendment No. 3 Referred to Assignments

Senate

Senate Floor Amendment No. 3 Filed with Secretary by Sen. Jacqueline Y. Collins

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Mar 22, 2012

Senate

Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions

Mar 16, 2012

Senate

Senate Floor Amendment No. 2 Referred to Assignments

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins

Mar 08, 2012

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading March 21, 2012

Mar 06, 2012

Senate

Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions

Mar 05, 2012

Senate

Senate Floor Amendment No. 1 Referred to Assignments

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins

Mar 01, 2012

Senate

Do Pass Financial Institutions; 009-000-000

Senate

Placed on Calendar Order of 2nd Reading March 6, 2012

Feb 28, 2012

Senate

Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg

Feb 24, 2012

Senate

Added as Co-Sponsor Sen. Toi W. Hutchinson

Feb 22, 2012

Senate

Assigned to Financial Institutions

Feb 08, 2012

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Jacqueline Y. Collins

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML

Related Documents

Document Format
Senate Amendment 003
Senate Amendment 002
Senate Amendment 001

Sources

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