Illinois House Bill 3483

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 17 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Consumer Financial Protection Law. Creates the Financial Protection Fund. Sets forth provisions concerning findings and purpose, exemptions, administration of the provisions, funds, supervision, registration requirements, consumer protection, cybersecurity, anti-fraud and anti-money laundering, enforcement, procedures, and rulemaking. Defines terms. Makes conforming changes in the Freedom of Information Act and the State Finance Act. Changes the name of the Financial Institutions Code to the Financial Institutions Act. Sets forth additional powers and duties of the Division of Financial Institutions. Sets forth provisions concerning court orders, penalty of perjury, character and fitness of licensees, and consent orders and settlement agreements. Removes specified provisions. Defines terms. Makes other changes. Makes a conforming change in the Collection Agency Act. Amends the Currency Exchange Act, the Sales Finance Agency Act, the Debt Management Service Act, the Consumer Installment Loan Act, and the Debt Settlement Consumer Protection Act. Changes application, license, and examination fees. Effective January 1, 2024.

CONSUMER FIN PROTECTION LAW

Sen. Mark Walker [D]

Date	Chamber	Action
2023-03-10	House	Rule 19(a) / Re-referred to Rules Committee
2023-02-28	House	Assigned to Financial Institutions and Licensing Committee
2023-02-17	House	Referred to Rules Committee
2023-02-17	House	First Reading
2023-02-17	House	Filed with the Clerk by Rep. Mark L. Walker

Chapter	Article	Section	Citation Type	Statute Text
20	1205	1	Amended Code	Citation Text
20	1205	10	Repealed Code	Citation Text
20	1205	11	Repealed Code	Citation Text
20	1205	12	Repealed Code	Citation Text
20	1205	13	Repealed Code	Citation Text
20	1205	13.5	Repealed Code	Citation Text
20	1205	14	Repealed Code	Citation Text
20	1205	15	Amended Code	Citation Text
20	1205	16	Amended Code	Citation Text
20	1205	17	Amended Code	Citation Text
20	1205	18	Amended Code	Citation Text
20	1205	18.2	New Code	See Bill Text
20	1205	18.3	New Code	See Bill Text
20	1205	18.4	New Code	See Bill Text
20	1205	18.5	New Code	See Bill Text
20	1205	2	Amended Code	Citation Text
20	1205	2.5	New Code	See Bill Text
20	1205	4	Amended Code	Citation Text
20	1205	6	Amended Code	Citation Text
20	1205	6a	Amended Code	Citation Text
20	1205	7	Amended Code	Citation Text
20	1205	8	Amended Code	Citation Text
20	1205	9	Repealed Code	Citation Text
205	405	14	Amended Code	Citation Text
205	405	16	Amended Code	Citation Text
205	405	4	Amended Code	Citation Text
205	660	6	Amended Code	Citation Text
205	665	4	Amended Code	Citation Text
205	665	6	Amended Code	Citation Text
205	670	12.5	Amended Code	Citation Text
205	670	2	Amended Code	Citation Text
205	670	4	Amended Code	Citation Text
205	740	13.2	Amended Code	Citation Text
225	425	13.2	Amended Code	Citation Text
225	429	30	Amended Code	Citation Text
30	105	5.990	New Code	See Bill Text
5	140	7.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3483&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB3483.htm