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SB 3903

Illinois - Session 104

Senate in_committee 2026-03-25
Bill Details

Title: FINANCIAL REG-FEES-INVESTIGATE

Summary

Amends the Currency Exchange Act. Removes provisions requiring the Secretary of Financial and Professional Regulation to investigate a currency exchange business at least once in each year and to review and report on the cost of operation of the Currency Exchange Section. Establishes fee-setting provisions for the administration of the Act. Amends the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Safety Deposit License Act. Makes changes to the authority of the Secretary and the Director of the Division of Financial Institutions to examine and investigate a business to determine if it is in compliance with those Acts. Establishes fee-setting provisions for the administration of those Acts. Amends the Debt Management Service Act, the Debt Settlement Consumer Protection Act, and the Payday Loan Reform Act. Establishes fee-setting provisions for the administration of those Acts. Makes other changes. Effective immediately.

Sponsor
Mark L. Walker
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-06 Introduced Bill introduced
2026-03-25 Status in_committee
2026-03-25 Latest Action 3/25/2026 - Senate:
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