<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5833   </title>
<shortdesc>CONS LOANS-PROTECT-PROHIB-DISC</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Edward J. Acevedo</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 670/12.10 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Consumer Installment Loan Act. Provides provisions concerning consumer protections, prohibited acts, required disclosures, and members of the military for loans under the Act with a finance charge exceeding an annual percentage rate of 36% for which the lender accepts any of the following as security for the loan: (1) one or more checks dated on the date written with an agreement to hold them for a period of days before deposit or presentment or one or more checks dated subsequent to the date written with an agreement to hold them for deposit; (2) one or more authorizations to debit a consumer's bank account; or (3) an interest in a consumer's wages, including, but not limited to, a wage assignment.</SynopsisText></synopsis>
<actions>
<statusdate>9/21/2006</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Edward J. Acevedo</action>
<statusdate>11/1/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/1/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>11/2/2006</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) January 9, 2007</action>
<statusdate>11/2/2006</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

