COMMERCIAL LOANS-INTRST LIMIT House SponsorsRep. Kevin Joyce 1/11/2011HouseSession Sine Die 205 ILCS 5/32.5 new205 ILCS 105/1-6g new205 ILCS 205/6005.5 new205 ILCS 305/51.5 new Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act. Provides that a bank, savings and loan association, savings bank, or credit union organized under the laws of this State must not make commercial loans with an effective annual percentage rate of more than 9% available to a borrower. Effective immediately. 2/18/2009HouseFiled with the Clerk by Rep. Kevin Joyce 2/19/2009HouseFirst Reading 2/19/2009HouseReferred to Rules Committee 2/23/2009HouseAssigned to Financial Institutions Committee 3/3/2009HouseMotion Do Pass - Lost Financial Institutions Committee; 007-012-003 3/3/2009HouseRemains in Financial Institutions Committee 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die