· IL legislature · 104th

CONSUMER INSTALLMENT LOAN

Amends the Consumer Installment Loan Act. Provides that a certified database provider may charge a fee not to exceed the lesser of $5 or 0.1% of the loan principal (rather than $1) for each loan entered into the certified database.

Sponsor

Bob Rita (D-IL)

Introduced

2025-02-07

Policy area

Finance and Financial Sector

Latest action

Referred to Rules Committee