INSTALLMENT LOANS-PET SALES House SponsorsRep. Jonathan Carroll-Joyce Mason and Rita Mayfield Senate Sponsors(Sen. Linda Holmes) 7/28/2023HousePublic Act . . . . . . . . . 103-0339 205 ILCS 660/10.6815 ILCS 123/15-5-16 new815 ILCS 405/29.5 new Amends the Sales Finance Agency Act. Provides that a licensee shall not assist a person or make loans to assist a person purchasing a canine or feline secured by: (1) a retail installment contract; (2) a retail charge agreement; or (3) the outstanding balance under a retail installment contract or a retail charge agreement. Amends the Predatory Loan Prevention Act and the Retail Installment Sales Act to make corresponding changes.House Floor Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: Provides that no sales finance agency shall purchase or make a loan secured by: (1) a retail installment contract for the sale of a canine or feline; (2) a retail charge agreement for the sale of a canine or feline; or (3) the outstanding balance under a retail installment contract or a retail charge agreements for the sale of a canine or feline. Provides that any sales finance agency that purchases a contract or agreement or makes a loan in violation of the prohibition has no right to collect, receive, or retain any principal, interest, or charges related to the contract, agreement, or loan, and any such loan is null and void.Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes: Provides that the provisions apply to loans and retail installment transactions entered into on or after the effective date of the amendatory Act and shall not be construed to apply to loans and retail installment transactions entered into before the effective date of the amendatory Act. 2/16/2023HouseFiled with the Clerk by Rep. Jonathan Carroll 2/17/2023HouseFirst Reading 2/17/2023HouseReferred to Rules Committee 2/23/2023HouseAssigned to Consumer Protection Committee 3/1/2023HouseAdded Co-Sponsor Rep. Rita Mayfield 3/2/2023HouseAdded Chief Co-Sponsor Rep. Joyce Mason 3/2/2023HouseChief Co-Sponsor Changed to Rep. Joyce Mason 3/7/2023HouseDo Pass / Short Debate Consumer Protection Committee; 009-000-000 3/8/2023HousePlaced on Calendar 2nd Reading - Short Debate 3/21/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jonathan Carroll 3/21/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/22/2023HouseHouse Floor Amendment No. 1 Rules Refers to Consumer Protection Committee 3/22/2023HouseSecond Reading - Short Debate 3/22/2023HouseHeld on Calendar Order of Second Reading - Short Debate 3/23/2023HouseHouse Floor Amendment No. 1 Recommends Be Adopted Consumer Protection Committee; 009-000-000 3/24/2023HouseHouse Floor Amendment No. 1 Adopted 3/24/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/24/2023HouseThird Reading - Short Debate - Passed 093-010-000 3/27/2023SenateArrive in Senate 3/27/2023SenatePlaced on Calendar Order of First Reading 3/27/2023SenateChief Senate Sponsor Sen. Linda Holmes 3/27/2023SenateFirst Reading 3/27/2023SenateReferred to Assignments 4/18/2023SenateAssigned to Financial Institutions 4/21/2023SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes 4/21/2023SenateSenate Committee Amendment No. 1 Referred to Assignments 4/25/2023SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions 4/25/2023SenateSenate Committee Amendment No. 1 Adopted; Financial Institutions 4/26/2023SenateDo Pass as Amended Financial Institutions; 007-000-000 4/26/2023SenatePlaced on Calendar Order of 2nd Reading April 27, 2023 5/2/2023SenateSecond Reading 5/2/2023SenatePlaced on Calendar Order of 3rd Reading May 3, 2023 5/4/2023SenateThird Reading - Passed; 056-000-000 5/8/2023HouseArrived in House 5/8/2023HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 5/9/2023HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Jonathan Carroll 5/9/2023HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 5/15/2023HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Consumer Protection Committee 5/16/2023HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Consumer Protection Committee; 008-000-000 5/17/2023HouseSenate Committee Amendment No. 1 House Concurs 100-011-000 5/17/2023HouseHouse Concurs 5/17/2023HousePassed Both Houses 6/15/2023HouseSent to the Governor 7/28/2023HouseGovernor Approved 7/28/2023HouseEffective Date January 1, 2024 7/28/2023HousePublic Act . . . . . . . . . 103-0339