Bill Title: 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.

Spectrum: Strong Partisan Bill (Democrat 12-1)

Status: (Failed) 2013-01-08 - Session Sine Die [SB3523 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2012-03-28	HTML/Text	Link	View
Amended	2012-03-23	HTML/Text	Link	View
Amended	2012-03-16	HTML/Text	Link	View
Amended	2012-03-05	HTML/Text	Link	View
Introduced	2012-02-08	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3523

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3523 currently on file.

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