FINANCIAL SERVICES-APR-CHARGES House SponsorsRep. Robert Rita 12/3/2014HouseSession Sine Die 205 ILCS 675/3205 ILCS 675/4from Ch. 17, par. 7004205 ILCS 675/6from Ch. 17, par. 7006 Amends the Illinois Financial Services Development Act. In the definition of "financial institution", provides that certain lenders are prohibited from charging an annual percentage rate in excess of 36% (rather than prohibited from charging interest in excess of 36% per annum) for any extension of credit under the Act. Further provides that any financial institution may charge and collect interest and other charges under a revolving credit plan provided that any finance charges or charges representing the cost of credit are included in the annual percentage rate calculation. Limits the amount of certain fees that a financial institution may charge and collect from a borrower under a revolving credit plan. 3/26/2014HouseFiled with the Clerk by Rep. Robert Rita 3/26/2014HouseFirst Reading 3/26/2014HouseReferred to Rules Committee 12/3/2014HouseSession Sine Die