Bill Title: 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.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2019-01-04 - Public Act . . . . . . . . . 100-1168 [HB4873 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2019-01-04	HTML/Text	Link	View
Enrolled	2018-11-29	HTML/Text	Link	View
Engrossed	2018-04-25	HTML/Text	Link	View
Introduced	2018-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 002	2018-04-19	Proposed	HTML/Text	Link	View
House Amendment 001	2018-04-04	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4873 currently on file.

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