HB5384 amends several financial regulation acts in Illinois, establishing fee-setting provisions and modifying the authority of the Secretary of.
HB5384 amends the Currency Exchange Act, the Payday Loan Reform Act, the Debt Settlement Consumer Protection Act, and the Debt Management Service Act. It establishes fee-setting provisions for the administration of these acts, allowing the Secretary of Financial and Professional Regulation to determine the fees. The bill also modifies the authority of the Secretary, removing the requirement to investigate currency exchange businesses annually and review the cost of operation of the Currency Exchange Section.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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