Illinois House Bill 4873 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on January 4 2019 - 100% progression
Action: 2019-01-04 - Public Act . . . . . . . . . 100-1168
Text: Latest bill text (Chaptered) [HTML]

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.

PAYDAY INSTALLMENT LOAN FEES

Rep. Louis Lang [D]

Rep. Christopher Davidsmeyer [R]

Sen. Terry Link [D]

2018-11-28 - Senate - Third Reading in Senate (Y: 45 N: 3 NV: 11 Abs: 0) [PASS]
2018-05-30 - House - Motion in House (Y: 72 N: 43 NV: 3 Abs: 0) [PASS]

Date	Chamber	Action
2019-01-04	House	Public Act . . . . . . . . . 100-1168
2019-01-04	House	Effective Date June 1, 2019
2019-01-04	House	Governor Approved
2018-12-27	House	Sent to the Governor
2018-11-28	House	Passed Both Houses
2018-11-28	Senate	Third Reading - Passed; 045-003-000
2018-11-14	Senate	Placed on Calendar Order of 3rd Reading November 15, 2018
2018-11-14	Senate	Second Reading
2018-11-14	Senate	Placed on Calendar Order of 2nd Reading
2018-11-14	Senate	Do Pass Judiciary; 010-000-000
2018-11-07	Senate	Assigned to Judiciary
2018-05-30	Senate	Referred to Assignments
2018-05-30	Senate	First Reading
2018-05-30	Senate	Chief Senate Sponsor Sen. Terry Link
2018-05-30	Senate	Placed on Calendar Order of First Reading
2018-05-30	Senate	Arrive in Senate
2018-05-30	House	Third Reading - Short Debate - Passed 072-043-000
2018-05-30	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-05-25	House	Final Action Deadline Extended-9(b) May 31, 2018
2018-05-18	House	Added Co-Sponsor Rep. C.D. Davidsmeyer
2018-05-14	House	Final Action Deadline Extended-9(b) May 25, 2018
2018-05-14	House	Third Reading - Consideration Postponed
2018-05-14	House	Placed on Calendar - Consideration Postponed
2018-05-14	House	Approved for Consideration Rules Committee; 004-000-000
2018-04-27	House	Rule 19(a) / Re-referred to Rules Committee
2018-04-26	House	Third Reading - Consideration Postponed
2018-04-26	House	Placed on Calendar - Consideration Postponed
2018-04-25	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-04-25	House	House Floor Amendment No. 2 Adopted
2018-04-25	House	Second Reading - Short Debate
2018-04-24	House	House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions Committee; 008-000-000
2018-04-23	House	House Floor Amendment No. 2 Rules Refers to Financial Institutions Committee
2018-04-19	House	House Floor Amendment No. 2 Referred to Rules Committee
2018-04-19	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang
2018-04-10	House	Placed on Calendar 2nd Reading - Short Debate
2018-04-09	House	Do Pass as Amended / Short Debate Financial Institutions Committee; 009-000-000
2018-04-09	House	House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
2018-04-09	House	House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
2018-04-04	House	House Committee Amendment No. 1 Referred to Rules Committee
2018-04-04	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang
2018-02-21	House	Assigned to Financial Institutions Committee
2018-02-14	House	Referred to Rules Committee
2018-02-14	House	First Reading
2018-02-14	House	Filed with the Clerk by Rep. Lou Lang

Chapter	Article	Section	Citation Type	Statute Text
815	122	2-10	Amended Code	Citation Text
815	122	2-15	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4873&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB4873.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB4873eng.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB4873enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-1168.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB4873ham001.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB4873ham002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB4873_05302018_068000.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000HB4873_11282018_034000T.pdf