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<xml>
<title>Illinois General Assembly - Bill Status for HB 5262</title>
<shortdesc>CONSUMER INSTALLMENT LOANS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Justin Slaughter</sponsors>
</sponsor>
<lastaction>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 670/17.5</reference><aliasreference></aliasreference><SynopsisText>     Amends the Consumer Installment Loan Act. In provisions concerning consumer reporting service, changes the definition of "title-secured loan" to specify that the length of a title-secured loan is less than 12 months. Provides that licensees that do not submit information to at least one consumer reporting agency that compiles and maintains files on consumers on a nationwide basis shall enter information (instead of licensees shall enter information) regarding each loan into the certified database and shall follow the Department of Financial and Professional Regulation's related rules.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2026</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Justin Slaughter</action>
<statusdate>2/10/2026</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/12/2026</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions and Licensing Committee</action>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
