Bill Status of SB 2479   104th General Assembly


Short Description:  CONSUMER REPORTING SERVICE

Senate Sponsors
Sen. Mattie Hunter

Last Action  View All Actions

DateChamber Action
  2/7/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
205 ILCS 670/17.5

Synopsis As Introduced
Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.

Actions 
DateChamber Action
  2/7/2025SenateFiled with Secretary by Sen. Mattie Hunter
  2/7/2025SenateFirst Reading
  2/7/2025SenateReferred to Assignments

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