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<xml>
<title>Illinois General Assembly - Bill Status for HB 5840         </title>
<shortdesc>PREDATORY LOANS-PAWNBROKERS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Sonya M. Harper-Andrew S. Chesney, Kambium Buckner, Dagmara Avelar, Kelly M. Cassidy, Marcus C. Evans, Jr., Robyn Gabel, Will Guzzardi, Barbara Hernandez, Lindsey LaPointe, Anna Moeller, Ann M. Williams, Sam Yingling, Theresa Mah, Margaret Croke, Robert Rita, Stephanie A. Kifowit, Jennifer Gong-Gershowitz, Aaron M. Ortiz, Kelly M. Burke, Jehan Gordon-Booth, Anne Stava-Murray, Debbie Meyers-Martin and Joyce Mason</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 510/2</reference><aliasreference>from Ch. 17, par. 4652</aliasreference><reference>815 ILCS 123/15-1-5</reference><aliasreference></aliasreference><reference>815 ILCS 123/15-1-10</reference><aliasreference></aliasreference><reference>815 ILCS 123/15-5-10</reference><aliasreference></aliasreference><reference>815 ILCS 123/15-10-5</reference><aliasreference></aliasreference><SynopsisText>     Amends the Pawnbroker Regulation Act. Clarifies that it shall be unlawful for any pawnbroker to charge or collect a greater benefit or percentage upon money advanced, and for the use and forbearance thereof, than permitted under the Predatory Loan Prevention Act. Amends the Predatory Loan Prevention Act. Provides that the definition of "loan" includes transactions subject to the Pawnbroker Regulation Act. Provides that it is a violation of the Act for any person or entity to solicit, broker, or otherwise engage in any other activity intended to facilitate or result in, or that in fact facilitates or results in, the origination of a loan that violates the Act. Provides that it is a violation of the Act for any person or entity to advertise or cause to be advertised a loan that violates the Act. Provides that a violation of the Act by a person or entity licensed under the Pawnbroker Regulation Act shall subject the person or entity to discipline in accordance with that Act. Makes other changes. Effective June 1, 2023.</SynopsisText></synopsis>
<actions>
<statusdate>11/14/2022</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Sonya M. Harper</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kambium Buckner</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dagmara Avelar</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kelly M. Cassidy</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Marcus C. Evans, Jr.</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robyn Gabel</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Will Guzzardi</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Barbara Hernandez</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lindsey LaPointe</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Anna Moeller</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Ann M. Williams</action>
<statusdate>11/15/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Sam Yingling</action>
<statusdate>11/16/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/16/2022</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>11/28/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Theresa Mah</action>
<statusdate>11/28/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Margaret Croke</action>
<statusdate>11/28/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robert Rita</action>
<statusdate>11/30/2022</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Andrew S. Chesney</action>
<statusdate>11/30/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Stephanie A. Kifowit</action>
<statusdate>11/30/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jennifer Gong-Gershowitz</action>
<statusdate>11/30/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Aaron M. Ortiz</action>
<statusdate>11/30/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kelly M. Burke</action>
<statusdate>11/30/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jehan Gordon-Booth</action>
<statusdate>12/2/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Anne Stava-Murray</action>
<statusdate>12/9/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Debbie Meyers-Martin</action>
<statusdate>1/5/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Joyce Mason</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

