<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4989         </title>
<shortdesc>FINANCIAL INSTITUTIONS-FEES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jonathan Carroll</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 405/4</reference><aliasreference>from Ch. 17, par. 4808</aliasreference><reference>205 ILCS 405/13.1</reference><aliasreference>from Ch. 17, par. 4822</aliasreference><reference>205 ILCS 405/14</reference><aliasreference>from Ch. 17, par. 4823</aliasreference><reference>205 ILCS 405/16</reference><aliasreference>from Ch. 17, par. 4832</aliasreference><reference>205 ILCS 660/5</reference><aliasreference>from Ch. 17, par. 5205</aliasreference><reference>205 ILCS 660/6</reference><aliasreference>from Ch. 17, par. 5206</aliasreference><reference>205 ILCS 665/4</reference><aliasreference>from Ch. 17, par. 5304</aliasreference><reference>205 ILCS 665/6</reference><aliasreference>from Ch. 17, par. 5306</aliasreference><reference>205 ILCS 670/2</reference><aliasreference>from Ch. 17, par. 5402</aliasreference><reference>205 ILCS 670/4</reference><aliasreference>from Ch. 17, par. 5404</aliasreference><reference>205 ILCS 670/8</reference><aliasreference>from Ch. 17, par. 5408</aliasreference><reference>205 ILCS 670/11</reference><aliasreference>from Ch. 17, par. 5411</aliasreference><reference>205 ILCS 670/12.5</reference><aliasreference></aliasreference><reference>815 ILCS 122/2-55</reference><aliasreference></aliasreference><reference>815 ILCS 122/3-5</reference><aliasreference></aliasreference><SynopsisText>     Amends the Currency Exchange Act, the Sales Finance Agency Act, the Debt Management Service Act, the Consumer Installment Loan Act, and the Payday Loan Reform Act. Changes application fees, license fees, initial license fees, and fees to operate under those Acts. Changes the fine for late annual consumer installment loan reports to $500 (instead of $25) for each day beyond March 1 such report is filed. Establishes an initial license fee to operate as a payday lender in the amount of $1,250. Changes the fine for late annual payday lender reports to $500 (instead of $25) for each day beyond March 1 such report is filed. In the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Payday Loan Reform Act, makes changes to the expiration date of licenses under those Acts and adds a fee to reinstate an expired license. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jonathan Carroll</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/12/2020</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

