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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.
Introduced
Feb 10, 2026
Last Action
Feb 24, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
Assigned to Financial Institutions and Licensing Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Margaret Croke
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Assigned to Financial Institutions and Licensing Committee