SB 4241

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Predatory Loans-Pawnbrokers

Abstract

Amends the Pawnbroker Regulation Act. Clarifies that it shall be unlawful for any pawnbroker to charge or collect a greater benefit or percentage upon money advanced, and for the use and forbearance thereof, than permitted under the Predatory Loan Prevention Act. Amends the Predatory Loan Prevention Act. Provides that the definition of "loan" includes transactions subject to the Pawnbroker Regulation Act. Provides that it is a violation of the Act for any person or entity to solicit, broker, or otherwise engage in any other activity intended to facilitate or result in, or that in fact facilitates or results in, the origination of a loan that violates the Act. Provides that it is a violation of the Act for any person or entity to advertise or cause to be advertised a loan that violates the Act. Provides that a violation of the Act by a person or entity licensed under the Pawnbroker Regulation Act shall subject the person or entity to discipline in accordance with that Act. Makes other changes. Effective June 1, 2023.

Bill Sponsors (30)

Javier L Cervantes

     
Cosponsor

Diane Pappas

     
Cosponsor

Votes


No votes to display

Actions


Jan 10, 2023

Senate

Session Sine Die

Nov 29, 2022

Senate

Added as Co-Sponsor Sen. Cristina Castro

Nov 23, 2022

Senate

Added as Co-Sponsor Sen. Craig Wilcox

Nov 16, 2022

Senate

Added as Co-Sponsor Sen. Patricia Van Pelt

Senate

Added as Co-Sponsor Sen. Elgie R. Sims, Jr.

Senate

Added as Co-Sponsor Sen. Laura Ellman

Senate

Added as Co-Sponsor Sen. Julie A. Morrison

Senate

Added as Chief Co-Sponsor Sen. Laura Ellman

Senate

Chief Co-Sponsor Changed to Sen. Laura Ellman

Senate

Added as Co-Sponsor Sen. Ram Villivalam

Senate

Added as Co-Sponsor Sen. Diane Pappas

Senate

Added as Co-Sponsor Sen. Sara Feigenholtz

Nov 15, 2022

Senate

Added as Co-Sponsor Sen. Javier L Cervantes

Senate

Added as Co-Sponsor Sen. Robert F. Martwick

Senate

Added as Co-Sponsor Sen. Omar Aquino

Senate

Added as Co-Sponsor Sen. Linda Holmes

Senate

Added as Co-Sponsor Sen. Napoleon Harris, III

Senate

Added as Co-Sponsor Sen. Laura Fine

Senate

Added as Co-Sponsor Sen. Mike Simmons

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Senate

Added as Chief Co-Sponsor Sen. Robert Peters

Senate

Added as Co-Sponsor Sen. Karina Villa

Senate

Added as Co-Sponsor Sen. Cristina H. Pacione-Zayas

Senate

Added as Co-Sponsor Sen. Celina Villanueva

Senate

Added as Co-Sponsor Sen. Christopher Belt

Senate

Added as Co-Sponsor Sen. Kimberly A. Lightford

Senate

Added as Co-Sponsor Sen. Doris Turner

Senate

Added as Co-Sponsor Sen. Adriane Johnson

Senate

Added as Co-Sponsor Sen. Emil Jones, III

Senate

Added as Co-Sponsor Sen. Bill Cunningham

Nov 14, 2022

Senate

Filed with Secretary by Sen. Jacqueline Y. Collins

Senate

Added as Chief Co-Sponsor Sen. Mattie Hunter

Senate

Added as Co-Sponsor Sen. Ann Gillespie

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
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Related Documents

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Sources

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