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IL HB4614

Bill

Status

Passed

7/15/2016

Primary Sponsor

Adam Brown

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Establishes a Supervisor of Consumer Credit, Supervisor of Currency Exchanges, and Supervisor of Title Insurance within the Department of Financial Institutions, each appointed by and responsible to the Director.

  • Eliminates the positions of Supervisor of Consumer Finance Businesses and Supervisor of Sales Finance Agencies.

  • Adds title insurance entities to the administrative responsibilities of the relevant supervisors within the Department.

  • Removes the requirement for currency exchange licensees to file an annual report with the Secretary as part of their licensing renewal process.

  • Takes effect upon becoming law.

Legislative Description

FINANCIAL INST CURRENCY EXCH

Last Action

Public Act . . . . . . . . . 99-0549

7/15/2016

Committee Referrals

Financial Institutions4/27/2016
Assignments4/14/2016
Financial Institutions2/16/2016
Rules2/1/2016

Full Bill Text

No bill text available