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SB 2479

Criminal investigators; increase salaries and salary supplements of.

2025 Regular Session Introduced by Brice Wiggins

SB 2479 would cap per-loan certified database fees at $1 (or 0.1% of loan) and require providers to indemnify licensees for certain acts, improving liability clarity.

Died In Committee
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Bill Summary · SB 2479

Summary — SB 2479 (2025) — Consumer Installment Loan Act: certified database provider obligations and fees

Status: Died in committee (2025).
Introduced by: Sen. Mattie Hunter (Filed/first read Feb. 7, 2025).
Related bill: HB 4743 (companion)

Purpose / intent

SB 2479 would have amended Section 17.5 of the Consumer Installment Loan Act (205 ILCS 670/17.5) to (1) clarify reporting obligations to the “certified database” used for installment and title-secured loans, (2) limit and specify fees that a certified database provider may charge licensees, and (3) require the certified database provider to indemnify licensees for certain wrongful acts by the provider.

Key provisions

  • Definitions: Clarifies use of the consumer reporting service database (the “certified database”) established under related law (Payday Loan Reform Act) and references “title‑secured loan” reporting requirements.
  • Reporting obligations: Requires licensees to enter required information for each loan into the certified database and to follow Department of Financial and Professional Regulation (or related Department) rules. For title‑secured loans, the bill references specific data elements per 38 Ill. Adm. Code 110.420.
  • Indemnification: The certified database provider must indemnify the licensee against all claims and actions arising from illegal or willful or wanton acts of the certified database provider.
  • Fee cap and prohibitions: The provider may charge a per‑loan fee not to exceed the lesser of $1.00 or 0.1% of the loan principal for each loan entered into the database. The provider is prohibited from charging any additional fees or charges to the licensee.
  • Effective date: The bill stated it would take effect immediately upon becoming law.

Who would be affected

  • Consumer installment loan licensees (state‑licensed lenders) who must enter loans into the certified database and pay the capped per‑loan fee.
  • Certified database providers (entities operating the reporting database) whose fee structure and liability exposure would be constrained and who would be required to indemnify licensees for certain misconduct.
  • Borrowers indirectly, through any downstream effects on reporting services, provider availability, compliance costs, or pricing.

Potential impacts and considerations

  • Shifts legal exposure: Requiring database providers to indemnify licensees increases provider liability and could raise providers’ insurance or operating costs.
  • Economic effect on providers: The $1 / 0.1% cap and prohibition on other charges could reduce revenue for database providers; some providers might exit or alter service levels, affecting licensees’ ability to comply.
  • Compliance and enforcement: Maintains/clarifies licensee reporting duties and ties title‑secured loan input to existing administrative rules.
  • Practical outcome: Because SB 2479 died in committee, these changes were not enacted.

Procedural history

Introduced in the 104th General Assembly by Sen. Mattie Hunter in February 2025, referred to committees (Judiciary/Appropriations/Health & Human Services as reflected in the record), and ultimately did not advance out of committee.

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

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