SB 3450

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Payday Loan Client Identity

Abstract

Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.

Bill Sponsors (9)

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Mar 04, 2020

Senate

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

Feb 28, 2020

Senate

Added as Co-Sponsor Sen. Patrick J. Joyce

Senate

Added as Co-Sponsor Sen. Patricia Van Pelt

Feb 26, 2020

Senate

Added as Co-Sponsor Sen. Thomas Cullerton

Feb 20, 2020

Senate

Added as Co-Sponsor Sen. Michael E. Hastings

Senate

Added as Chief Co-Sponsor Sen. Christopher Belt

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Senate

Added as Co-Sponsor Sen. Robert Peters

Feb 14, 2020

Senate

Filed with Secretary by Sen. Antonio Muñoz

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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Related Documents

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Sources

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