PREDATORY LOANS-PAWNBROKERS Senate SponsorsSen. Jacqueline Y. Collins-Robert Peters-Laura Ellman-Mattie Hunter, Ann Gillespie, Laura M. Murphy, Karina Villa, Cristina H. Pacione-Zayas, Celina Villanueva, Christopher Belt, Kimberly A. Lightford, Doris Turner, Adriane Johnson, Emil Jones, III, Bill Cunningham, Javier L Cervantes, Mike Simmons, Robert F. Martwick, Omar Aquino, Linda Holmes, Napoleon Harris, III, Laura Fine, Julie A. Morrison, Ram Villivalam, Diane Pappas, Sara Feigenholtz, Elgie R. Sims, Jr., Patricia Van Pelt, Craig Wilcox and Cristina Castro 1/10/2023SenateSession Sine Die 205 ILCS 510/2from Ch. 17, par. 4652815 ILCS 123/15-1-5815 ILCS 123/15-1-10815 ILCS 123/15-5-10815 ILCS 123/15-10-5Amends 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. 11/14/2022SenateFiled with Secretary by Sen. Jacqueline Y. Collins 11/14/2022SenateFirst Reading 11/14/2022SenateReferred to Assignments 11/14/2022SenateAdded as Co-Sponsor Sen. Ann Gillespie 11/14/2022SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 11/15/2022SenateAdded as Co-Sponsor Sen. Laura M. Murphy 11/15/2022SenateAdded as Chief Co-Sponsor Sen. Robert Peters 11/15/2022SenateAdded as Co-Sponsor Sen. Karina Villa 11/15/2022SenateAdded as Co-Sponsor Sen. Cristina H. Pacione-Zayas 11/15/2022SenateAdded as Co-Sponsor Sen. Celina Villanueva 11/15/2022SenateAdded as Co-Sponsor Sen. Christopher Belt 11/15/2022SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford 11/15/2022SenateAdded as Co-Sponsor Sen. Doris Turner 11/15/2022SenateAdded as Co-Sponsor Sen. Adriane Johnson 11/15/2022SenateAdded as Co-Sponsor Sen. Emil Jones, III 11/15/2022SenateAdded as Co-Sponsor Sen. Bill Cunningham 11/15/2022SenateAdded as Co-Sponsor Sen. Javier L Cervantes 11/15/2022SenateAdded as Co-Sponsor Sen. Mike Simmons 11/15/2022SenateAdded as Co-Sponsor Sen. Robert F. Martwick 11/15/2022SenateAdded as Co-Sponsor Sen. Omar Aquino 11/15/2022SenateAdded as Co-Sponsor Sen. Linda Holmes 11/15/2022SenateAdded as Co-Sponsor Sen. Napoleon Harris, III 11/15/2022SenateAdded as Co-Sponsor Sen. Laura Fine 11/16/2022SenateAdded as Co-Sponsor Sen. Laura Ellman 11/16/2022SenateAdded as Co-Sponsor Sen. Julie A. Morrison 11/16/2022SenateAdded as Chief Co-Sponsor Sen. Laura Ellman 11/16/2022SenateChief Co-Sponsor Changed to Sen. Laura Ellman 11/16/2022SenateAdded as Co-Sponsor Sen. Ram Villivalam 11/16/2022SenateAdded as Co-Sponsor Sen. Diane Pappas 11/16/2022SenateAdded as Co-Sponsor Sen. Sara Feigenholtz 11/16/2022SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr. 11/16/2022SenateAdded as Co-Sponsor Sen. Patricia Van Pelt 11/23/2022SenateAdded as Co-Sponsor Sen. Craig Wilcox 11/29/2022SenateAdded as Co-Sponsor Sen. Cristina Castro 1/10/2023SenateSession Sine Die