Illinois HB 3478: CONSUMER INSTALLMENT LOAN

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB3478

Introduced 2/18/2025, by Rep. Robert "Bob" Rita 

SYNOPSIS AS INTRODUCED:

205 ILCS 670/17.5

 Amends the Consumer Installment Loan Act. Provides that a certified database provider may charge a fee not to exceed the lesser of $5 or 0.1% of the loan principal (rather than $1) for each loan entered into the certified database.

LRB104 08727 BAB 18781 b

A BILL FOR

HB3478LRB104 08727 BAB 18781 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 all claims and actions arising from illegal 

21or willful or wanton acts on the part of the certified database 

22provider. The certified database provider may charge a fee not 

23to exceed the lesser of $5 or 0.1% of the loan principal $1 for 

HB3478- 2 -LRB104 08727 BAB 18781 b