Patricia Bellock voted Yea (Passage) on this Legislation.
Title: Business Loan Interest Rates
Signed by Governor Pat Quinn
Title: Business Loan Interest Rates
Vote to pass a bill that establishes the annual interest rate be based on 360 days for businesses.
-Establishes that a rate or amount of interest may be lawfully computed when applying the ratio of the annual interest rate over a year based on 360 days for (Sec. 5):
Title: Business Loan Interest Rates