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<xml>
<title>Illinois General Assembly - Bill Status for SB 3450         </title>
<shortdesc>PAYDAY LOAN CLIENT IDENTITY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Antonio Muņoz-Christopher Belt, Emil Jones, III, Michael E. Hastings, Robert Peters, Thomas Cullerton, Patricia Van Pelt and Patrick J. Joyce-Iris Y. Martinez</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>815 ILCS 122/2-5</reference><aliasreference></aliasreference><SynopsisText>Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Antonio Muņoz</action>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/14/2020</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Christopher Belt</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Michael E. Hastings</action>
<statusdate>2/20/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert Peters</action>
<statusdate>2/26/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Thomas Cullerton</action>
<statusdate>2/28/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Patricia Van Pelt</action>
<statusdate>2/28/2020</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Patrick J. Joyce</action>
<statusdate>3/4/2020</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Iris Y. Martinez</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

