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IL SB3692
Bill
AI Summary
- Amends the Consumer Installment Loan Act by modifying Section 17.5 regarding certified database provider fees
- Increases the maximum fee a certified database provider may charge for each loan entered into the certified database from $1 to $3
- Prohibits the database provider from charging any additional fees or charges to licensees beyond the per-loan fee
- Becomes effective 90 days after becoming law
Legislative Description
CONSUMER LOAN-DATABASE FEE
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Assignments2/9/2024
Full Bill Text
No bill text available