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HB 3478

Creating a statutory right to petition circuit and family courts for sibling visitation

2025 Regular Session Introduced by John Williams

HB 3478 caps certified database fees at the lesser of $5 or 0.1% of the loan principal per loan, replacing the prior flat $1 cap.

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Bill Summary · HB 3478

Summary — HB 3478 (2025)

Relating to dispensing nonretail fuel; and prescribing an effective date.
Chapter 155, 2025 Laws — effective on the 91st day following adjournment sine die.

Note: Although the bill caption references nonretail fuel, the enacted amendment actually modifies Section 17.5 of the Consumer Installment Loan Act related to the certified consumer-reporting database used by installment/title-secured lenders.

Purpose / Intent

HB 3478 amends the Consumer Installment Loan Act to change the fee a certified database provider may charge licensees for entering loan records into the certified consumer-reporting database. The change replaces a flat $1-per-loan cap with a variable cap tied to loan principal.

Key provisions

  • Amends 205 ILCS 670/17.5 (Consumer Installment Loan Act, Section 17.5 — Consumer reporting service).
  • Fee change for certified database providers:
    • Previous: provider may charge up to $1 per loan entered.
    • New: provider may charge up to the lesser of $5 OR 0.1% of the loan principal for each loan entered into the certified database.
  • Maintains existing requirements:
    • Licensees must enter information regarding each loan into the certified database and follow Department rules.
    • For title‑secured loans (vehicle title as security), licensees must input information as specified in 38 Ill. Adm. Code 110.420.
    • The certified database provider must indemnify the licensee against claims arising from illegal, willful, or wanton acts by the provider.
    • The database provider may not impose additional fees or charges on the licensee.

Who is affected

  • Certified database providers: may increase per-loan fees subject to the new cap (but cannot add other charges).
  • Installment lenders/licensees that make title‑secured and other covered consumer installment loans: will pay the database fee per loan.
  • Borrowers/consumers: potential indirect effects if lenders pass higher database fees on to consumers through higher loan costs or fees.
  • Regulators: must continue to enforce entry requirements and related rules.

Practical effect (examples)

  • 0.1% of a $400 loan = $0.40 (fee cap lower than previous $1).
  • 0.1% of a $1,000 loan = $1.00 (same as prior cap).
  • 0.1% of a $10,000 loan = $10.00, but cap limits fee to $5.00 (higher than prior $1).

Legislative timeline / status

  • Introduced: February 18–27, 2025 (introduced by Rep. Robert "Bob" Rita; primary sponsor listed as Cyrus Javadi).
  • Committee hearings and work sessions: April–May 2025.
  • Passed legislature: May 2025 (third reading; recorded votes on May 6 and May 15).
  • Governor signed: May 27, 2025.
  • Effective: Chapter 155 (2025 Laws) — becomes effective on the 91st day following adjournment sine die.

Notes

  • The bill text contains some formatting/placement irregularities (references to other acts and definitions). The central, clear policy change is the adjustment of the per‑loan fee cap for certified database providers from a flat $1 to the lesser of $5 or 0.1% of the loan principal.

Compiled from official sources — confirm details with the bill’s official record.

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