Illinois SB 2479: CONSUMER REPORTING SERVICE

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2479

Introduced 2/7/2025, by Sen. Mattie Hunter 

SYNOPSIS AS INTRODUCED:

205 ILCS 670/17.5

 Amends the Consumer Installment Loan Act. Provides that the certified database provider shall indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts on the part of the certified database provider. The certified database provider may charge a fee not to exceed the lesser of $1 or 0.1% of the loan principal for each loan entered into the certified database. Prohibits the database provider from charging any additional fees or charges to the licensee. Effective immediately.

LRB104 09204 BAB 19261 b

A BILL FOR

SB2479LRB104 09204 BAB 19261 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 Consumer Installment Loan Act is amended by 

5changing Section 17.5 as follows:

6 (205 ILCS 670/17.5)

7 Sec. 17.5. Consumer reporting service.

8 (a) For the purpose of this Section, "certified database" 

9means the consumer reporting service database established 

10pursuant to the Payday Loan Reform Act. "Title-secured loan" 

11means a loan in which, at commencement, a consumer provides to 

12the licensee, as security for the loan, physical possession of 

13the consumer's title to a motor vehicle.

14 (b) Licensees shall enter information regarding each loan 

15into the certified database and shall follow the Department's 

16related rules.

17 (c) For every title-secured loan made, the licensee shall 

18input information as provided in 38 Ill. Adm. Code 110.420.

19 (d) The certified database provider shall indemnify the 

20licensee against al