KARPIEL. 205 ILCS 670/1.5 new 205 ILCS 670/15f new 205 ILCS 670/17.1 new 205 ILCS 370/17.2 new 205 ILCS 670/17.3 new 205 ILCS 670/17.4 new 205 ILCS 670/17.5 new 205 ILCS 670/17.6 new 205 ILCS 670/17.7 new 205 ILCS 670/17.8 new 205 ILCS 670/17.9 new 205 ILCS 670/17.10 new 205 ILCS 670/17.11 new 205 ILCS 670/17.12 new 205 ILCS 670/17.13 new 205 ILCS 670/17.14 new 205 ILCS 670/17.15 new 205 ILCS 670/17.16 new 205 ILCS 670/17.17 new 205 ILCS 670/17.18 new 205 ILCS 670/17.19 new 205 ILCS 670/17.20 new 205 ILCS 670/17.21 new 205 ILCS 670/17.22 new 205 ILCS670/17.23 new Amends the Consumer Installment Loan Act. Sets forth terms and conditions under which licensees may engage in making short-term loans. Provides that interest on these loans must be computed as simple interest. Requires licensees to provide information about debt management services to borrowers before entering into a short-term loan agreement. Establishes notice requirements for defaults by a borrower. Limits property in which a licensee may take a security interest to the check or motor vehicle title tendered to the licensee at the time of the loan transaction. Provides procedures for taking possession of motor vehicles. Effective immediately. FEB-22-2001 S FIRST READING FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE FIN INST MAR-08-2001 S TO SUBCOMMITTEE MAR-08-2001 S COMMITTEE FIN INST MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary