Senate Sponsors: O'MALLEY-DEL VALLE-LIGHTFORD-OBAMA. Short description: DFI STDY PAYDAY LOAN PRACTICES Synopsis of Bill as introduced: Amends the Financial Institutions Code. Requires the Department of Financial Institutions to study payday loan practices with respect to charges imposed, borrower profiles, and problems resulting from those practices. Requires the Department to report its findings and recommendations to the General Assembly by September 15, 1999. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status