<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 427    </title>
<shortdesc>CONSUMER SHORT-TERM LOANS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Thomas Holbrook</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 670/22</reference><aliasreference>from Ch. 17, par. 5428</aliasreference><SynopsisText>     Amends the Consumer Installment Loan Act. Provides that, during the 30-day period beginning with the date the loan is commenced, a short-term lender may not impose fees of more than 25% of the principal amount of a short-term or title-secured loan.</SynopsisText></synopsis>
<actions>
<statusdate>1/26/2005</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Thomas Holbrook</action>
<statusdate>1/26/2005</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/26/2005</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/2/2005</statusdate><chamber>House</chamber><action>Assigned to Consumer Protection Committee</action>
<statusdate>3/10/2005</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

