Illinois SB 3903: $FY24 SUPPLEMENTAL

Status: Referred to Assignments (as of 2024-02-28)

State: Illinois · Session: 103rd · Bill: SB 3903

Sponsors: Elgie R. Sims, Jr.

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3903

Introduced 2/6/2026, by Sen. Mark L. Walker 

SYNOPSIS AS INTRODUCED:

205 ILCS 405/16 from Ch. 17, par. 4832

205 ILCS 405/19.3 from Ch. 17, par. 4838

205 ILCS 660/6.2 new

205 ILCS 660/7 from Ch. 17, par. 5207

205 ILCS 665/6.5 new

205 ILCS 670/2 from Ch. 17, par. 5402

205 ILCS 670/2.5 new

205 ILCS 670/10 from Ch. 17, par. 5410

225 ILCS 429/78 new

240 ILCS 5/23 from Ch. 17, par. 1473

240 ILCS 5/23.5 new

815 ILCS 122/3-6 new

 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.

LRB104 20478 BAB 33948 b

A BILL FOR

SB3903LRB104 20478 BAB 33948 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Currency Exchange Act is amended by

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