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HB 4873 Illinois House · 100th Regular Session

PAYDAY INSTALLMENT LOAN FEES

Summary
Amends the Payday Loan Reform Act. Authorizes a lender to charge a borrower for the verification that the proposed loan agreement is permissible: a fee not to exceed $1 for a payday loan or a fee not to exceed $1 for each month that a balance is scheduled to be outstanding on an installment payday loan (rather than a fee not to exceed $1). Authorizes a certified consumer reporting service to charge the following verification fees upon a loan being made or entered into a certified database: a fee not to exceed $1 for a payday loan or a fee not to exceed $1 for each month that a balance is scheduled to be outstanding on an installment payday loan (rather than a fee not to exceed $1). Effective immediately.
Bill status signed all 5 stages cleared
Introduction
May 2018
Committee Review
Nov 2018
House Passage
Nov 2018
Senate Passage
Nov 2018
Signed into Law
Jan 2019
Introduced May 30, 2018 Signed Jan 4, 2019
Floor votes · Senate Nov 28, 2018 · House May 30, 2018

How they voted

37–3
Passed · 7 other
Total votes 47
Nov 28, 2018
D Democratic28
23 Yea 5
82% Yea
R Republican19
14 Yea 3 Nay 2
73% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
45
Key actions
11
Committee
13
Amendments
4
Jan 4, 2019
Signed into law
Governor Approved
lower
Nov 28, 2018
Lower · Passed
Passed Both Houses
lower
Nov 14, 2018
Upper · Passed
Do Pass Judiciary; 010-000-000
upper
Nov 7, 2018
Committee
Assigned to Judiciary
upper
May 30, 2018
Committee
Referred to Assignments
upper
May 30, 2018
Introduced
Arrive in Senate
upper
May 30, 2018
House · Passed
House Vote: pass (57-38-3)
house
May 14, 2018
Lower · Passed
Approved for Consideration Rules Committee; 004-000-000
lower
Apr 27, 2018
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 25, 2018
Lower · Passed
House Floor Amendment No. 2 Adopted
lower
Apr 24, 2018
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions Committee; 008-000-000
lower
Apr 23, 2018
Lower · Passed
House Floor Amendment No. 2 Rules Refers to Financial Institutions Committee
lower
Apr 19, 2018
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Apr 19, 2018
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang
lower
Apr 9, 2018
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions Committee; 009-000-000
lower
Apr 9, 2018
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
lower
Apr 9, 2018
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
lower
Apr 4, 2018
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Apr 4, 2018
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang
lower
Feb 21, 2018
Committee
Assigned to Financial Institutions Committee
lower
Feb 14, 2018
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.