Illinois 101st Regular Session Status: In Committee 5 D cosponsors

SB 3450 — PAYDAY LOAN CLIENT IDENTITY

Last action — Added as Chief Co-Sponsor Sen. Iris Y. Martinez

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.

Bill Text

Action History

  1. Added as Chief Co-Sponsor Sen. Iris Y. Martinez

  2. Added as Co-Sponsor Sen. Patrick J. Joyce

  3. Added as Co-Sponsor Sen. Patricia Van Pelt

  4. Added as Co-Sponsor Sen. Thomas Cullerton

  5. Added as Co-Sponsor Sen. Robert Peters

  6. Added as Co-Sponsor Sen. Michael E. Hastings

  7. Added as Co-Sponsor Sen. Emil Jones, III

  8. Added as Chief Co-Sponsor Sen. Christopher Belt

  9. Referred to Assignments

  10. First Reading

  11. Filed with Secretary by Sen. Antonio Muñoz

Sponsors

Sponsorship breakdown

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0 sponsors · 9 co-sponsors · 174 not signed on

Sponsors (0)

None.

Co-sponsors (9)

Not signed on (174)

174 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does SB 3450 do?
Amends the Payday Loan Reform Act. Provides that lenders must verify the identity of borrowers before making a loan under the Act. Requires inspection and copying of a government-issued identification document. Allows identifications to be made by licensees under the Currency Exchange Act and other licensees approved by the Department of Financial and Professional Regulation on behalf of lenders under the Payday Loan Reform Act.
Who sponsors SB 3450?
SB 3450 is sponsored by Antonio Muñoz, Christopher Belt (Democrat), Iris Y. Martinez, Emil Jones, III (Democrat), Michael E. Hastings (Democrat), Robert Peters (Democrat), Thomas Cullerton, Patrick J. Joyce (Democrat), and Van Pelt.
What is the current status of SB 3450?
This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 3450?
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Last checked for changes 3 months ago · updated continuously

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