IL SB3523 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Strong Partisan Bill (Democrat 12-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Tax Refund Anticipation Loan Disclosure Act. Changes the short title of the Act to the Tax Refund Anticipation Loan Reform Act. Makes changes concerning disclosure requirements, prohibited activities, interest rate limits for non-bank refund anticipation loans, and defined terms. Provides a calculation for the refund anticipation loan interest rate. Provides that a person who violates the Tax Refund Anticipation Loan Reform Act commits an unlawful practice under the Consumer Fraud and Deceptive Practices Act. Makes conforming changes in the Currency Exchange Act and the Consumer Fraud and Deceptive Business Practices Act. Contains a severability provision. Effective immediately.

Tracking Information

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Title

TAX REFUND ANTICIPATION LOAN

Sponsors


Roll Calls

2012-03-28 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]

History

DateChamberAction
2013-01-08SenateSession Sine Die
2012-05-30SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
2012-05-01HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser
2012-04-18HouseAdded Alternate Chief Co-Sponsor Rep. Brandon W. Phelps
2012-04-18HouseAdded Alternate Chief Co-Sponsor Rep. Patrick J. Verschoore
2012-04-17HouseAdded Alternate Chief Co-Sponsor Rep. Carol A. Sente
2012-03-29HouseReferred to Rules Committee
2012-03-29HouseFirst Reading
2012-03-29HousePlaced on Calendar Order of First Reading
2012-03-29HouseChief House Sponsor Rep. Michael J. Zalewski
2012-03-29HouseArrived in House
2012-03-28SenateThird Reading - Passed; 052-000-000
2012-03-28SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
2012-03-28SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
2012-03-28SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
2012-03-28SenatePlaced on Calendar Order of 3rd Reading
2012-03-28SenateSenate Floor Amendment No. 3 Adopted; J. Collins
2012-03-28SenateRecalled to Second Reading
2012-03-28SenateSponsor Removed Sen. Mattie Hunter
2012-03-28SenateAdded as Co-Sponsor Sen. Mattie Hunter
2012-03-27SenateSenate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 008-000-000
2012-03-27SenateSenate Floor Amendment No. 2 Tabled
2012-03-27SenateSenate Floor Amendment No. 2 Tabled in Financial Institutions
2012-03-27SenateSenate Floor Amendment No. 1 Tabled
2012-03-27SenateSenate Floor Amendment No. 1 Tabled in Financial Institutions
2012-03-26SenateSenate Floor Amendment No. 3 Assignments Refers to Financial Institutions
2012-03-23SenateSenate Floor Amendment No. 3 Referred to Assignments
2012-03-23SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Jacqueline Y. Collins
2012-03-23SenateAdded as Co-Sponsor Sen. Emil Jones, III
2012-03-22SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
2012-03-16SenateSenate Floor Amendment No. 2 Referred to Assignments
2012-03-16SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Jacqueline Y. Collins
2012-03-08SenatePlaced on Calendar Order of 3rd Reading March 21, 2012
2012-03-08SenateSecond Reading
2012-03-06SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
2012-03-05SenateSenate Floor Amendment No. 1 Referred to Assignments
2012-03-05SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
2012-03-01SenatePlaced on Calendar Order of 2nd Reading March 6, 2012
2012-03-01SenateDo Pass Financial Institutions; 009-000-000
2012-02-28SenateAdded as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
2012-02-24SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
2012-02-22SenateAssigned to Financial Institutions
2012-02-08SenateReferred to Assignments
2012-02-08SenateFirst Reading
2012-02-08SenateFiled with Secretary by Sen. Jacqueline Y. Collins

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2054053.1Amended CodeCitation Text
8151771Amended CodeCitation Text
81517710Amended CodeCitation Text
81517715Amended CodeCitation Text
81517720New CodeSee Bill Text
81517725New CodeSee Bill Text
81517730New CodeSee Bill Text
81517735New CodeSee Bill Text
8151775Amended CodeCitation Text
8155052NNNNew CodeSee Bill Text

Illinois State Sources


Bill Comments

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