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91_SB0355ham002
LRB9103205JSpcam04
1 AMENDMENT TO SENATE BILL 355
2 AMENDMENT NO. . Amend Senate Bill 355 by replacing
3 everything after the enacting clause with the following:
4 "Section 5. The Sales Finance Agency Act is amended by
5 changing Section 13 as follows:
6 (205 ILCS 660/13) (from Ch. 17, par. 5231)
7 Sec. 13. Rules. The Department may make and enforce
8 such reasonable rules, regulations, directions, orders,
9 decisions and findings as the execution and enforcement of
10 this Act require, and as are not inconsistent therewith. In
11 addition, the Department may promulgate rules in connection
12 with the activities of licensees that are necessary and
13 appropriate for the protection of consumers in this State.
14 All rules and regulations shall be printed and copies thereof
15 mailed to all licensees.
16 (Source: P.A. 90-437, eff. 1-1-98.)
17 Section 10. The Consumer Installment Loan Act is amended
18 by changing Section 22 as follows:
19 (205 ILCS 670/22) (from Ch. 17, par. 5428)
20 Sec. 22. Rules and regulations. The Department may make
-2- LRB9103205JSpcam04
1 and enforce such reasonable rules, regulations, directions,
2 orders, decisions, and findings as the execution and
3 enforcement of the provisions of this Act require, and as are
4 not inconsistent therewith. In addition, the Department may
5 promulgate rules in connection with the activities of
6 licensees that are necessary and appropriate for the
7 protection of consumers in this State. All rules, regulations
8 and directions of a general character shall be printed and
9 copies thereof mailed to all licensees.
10 (Source: P.A. 90-437, eff. 1-1-98.)
11 Section 99. Effective date. This Act takes effect upon
12 becoming law.".