FAIR LENDING-TRANSIT-HOUSING

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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3962

Introduced 2/6/2026, by Sen. Doris Turner

SYNOPSIS AS INTRODUCED:

20 ILCS 2105/2105-379 new
20 ILCS 2705/2705-570 new
310 ILCS 67/52 new

Amends the Department of Professional Regulation Law of the Civil
Administrative Code of Illinois. Requires the Department of Financial and
Professional Regulation, in consultation with the Sangamon County Board
and the City of Springfield, to conduct a study on the lending practices
and borrower outcomes within Sangamon County and analyze any information
collected in connection with that study. Provides that the study shall
encompass all financial institutions and lending entities licensed or
regulated by the Department that operate within Sangamon County or are
municipally authorized by the City of Springfield. Amends the Department
of Transportation Law of the Civil Administrative Code of Illinois.
Requires the Department of Transportation, in consultation with the
specified entities, to conduct a countywide transit equity analysis study
and analyze any information collected in connection with that study.
Amends the Affordable Housing Planning and Appeal Act. Requires the
Illinois Housing Development Authority, in consultation with the Sangamon
County Board and the City of Springfield Office of Planning and Economic
Development, to conduct a countywide housing and community revitalization
study and analyze any information collected in connection with that study.
Establishes reporting requirements related to each study under each of the
relevant Acts. Sets a repeal date of December 31, 2029 for the provisions
concerning each study under each of those Acts.
LRB104 19796 BAB 33246 b

A BILL FOR

SB3962
LRB104 19796 BAB 33246 b
1

AN ACT concerning regulation.

2

Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:

4

Section 5.
The Department of Professional Regulation Law
5
of the Civil Administrative Code of Illinois is amended by
6
adding Section 2105-379 as follows:

7

(20 ILCS 2105/2105-379 new)
8

Sec. 2105-379.
Sangamon County fair lending practices
9
study.
10

(a) The Department, in consultation with the Sangamon
11
County Board and the City of Springfield, shall conduct a
12
study on the lending practices and borrower outcomes within
13
Sangamon County and analyze any information collected in
14
connection with that study. The purpose of this study is to
15
increase transparency in financial markets, reduce disparities
16
in credit access, and promote accountability through the
17
regular publication of lending and borrower data for Sangamon
18
County.
19

(b) The study shall encompass all financial institutions
20
and lending entities licensed or regulated by the Department
21
that operate within Sangamon County or are municipally
22
authorized by the City of Springfield, including banks, credit
23
unions, mortgage companies, installment lenders, and

SB3962
- 2 -
LRB104 19796 BAB 33246 b
1
alternative financial service providers.
2

(c) As part of the study, the Department shall collect,
3
compile, and analyze anonymized data sets of:
4

(1) the average annual percentage rate by loan type
5

and institution;
6

(2) the average loan size, term, and repayment
7

duration;
8

(3) default and delinquency rates, including
9

charge-offs and recovery outcomes;
10

(4) borrower income brackets and ranges;
11

(5) geographic distribution of loans by zip code,
12

census tract, and ward; and
13

(6) aggregate number of active lenders and loan
14

volumes within each regulatory category. All data sets
15

shall undergo statistical disclosure limitation and
16

de-identification procedures, including small-cell
17

suppression for any reporting category representing fewer
18

than 5 loans or borrowers.
19

(d) The study shall include, but need not be limited to:
20

(1) countywide, zip code, and ward-level summaries of
21

lending trends;
22

(2) year-over-year comparisons highlighting changes in
23

average annual percentage rate, loan volume, and default
24

rates;
25

(3) analysis of disparities by geography, borrower
26

income, and product type; and

SB3962
- 3 -
LRB104 19796 BAB 33246 b
1

(4) policy recommendations for equitable credit access
2

and consumer protection.
3

(e) The Department may collaborate with local
4
universities, financial researchers, and advocacy
5
organizations to analyze the data and publish independent
6
reviews.
7

(f) The Department may complete a preliminary report that
8
may be made available for public inspection through electronic
9
means prior to the publication of the final report under this
10
Section. The Department shall complete and submit the final
11
report under this Section to the Governor and the General
12
Assembly by December 31, 2028. A copy of both the preliminary
13
report, if made available by the Department, and the final
14
report shall be made available to the public through
15
electronic means.
16

(g) This Section is repealed on December 31, 2029.

17

Section 10.
The Department of Transportation Law of the
18
Civil Administrative Code of Illinois is amended by adding
19
Section 2705-570 as follows:

20

(20 ILCS 2705/2705-570 new)
21

Sec. 2705-570.
Sangamon County fair transit study.

22

(a) The Department, in consultation with the Sangamon
23
County Board, the Sangamon Mass Transit District,
24
Springfield-Sangamon County Regional Planning Commission, and

SB3962
- 4 -
LRB104 19796 BAB 33246 b
1
relevant municipal bodies, shall conduct a countywide transit
2
equity analysis study and analyze any information collected in
3
connection with that study. The purpose of this study is to
4
eliminate transportation disparities and promote equitable
5
access for all residents.
6

(b) The study shall include, but need not be limited to,
7
the following:
8

(1) mapping current service coverage, ridership data,
9

and demographic trends;
10

(2) evaluating current transit infrastructure and
11

accessibility, including accessible shelters, lighting,
12

benches, and sidewalk connectivity, real-time route and
13

language-access displays, ADA-compliant curb and ramp
14

redesigns, public safety features such as cameras and
15

lighting and recommending improvements to transit
16

infrastructure and accessibility;
17

(3) identifying gaps in service for low-income,
18

east-side, and rural residents;
19

(4) evaluating language-access equity in transit
20

materials, signage, and communication; and
21

(5) recommending data-driven improvements to ensure
22

equitable access across all neighborhoods.
23

(c) The Department may complete a preliminary report that
24
may be made available for public inspection through electronic
25
means prior to the publication of the final report under this
26
Section. The Department shall complete and submit the final

SB3962
- 5 -
LRB104 19796 BAB 33246 b
1
report under this Section to the Governor and the General
2
Assembly by December 31, 2028. A copy of both the preliminary
3
report, if made available by the Department, and the final
4
report shall be made available to the public through
5
electronic means.
6

(d) This Section is repealed on December 31, 2029.

7

Section 15.
The Affordable Housing Planning and Appeal Act
8
is amended by adding Section 52 as follows:

9

(310 ILCS 67/52 new)
10

Sec. 52.
Sangamon County affordable housing study.
11

(a) The Illinois Housing Development Authority, in
12
consultation with the Sangamon County Board and the City of
13
Springfield Office of Planning and Economic Development, shall
14
conduct a countywide housing and community revitalization
15
study and analyze any information collected in connection with
16
that study. The purpose of this study is to promote equitable
17
housing and community revitalization.
18

(b) The study shall include, but need not be limited to,
19
the following:
20

(1) identifying historically excluded or disinvested
21

neighborhoods in need of targeted housing and
22

infrastructure investment;
23

(2) assessing current affordable-housing stock,
24

vacancy rates, and ownership disparities by race and

SB3962
- 6 -
LRB104 19796 BAB 33246 b
1

income;
2

(3) prioritizing mixed-income and mixed-use
3

development that enhances accessibility and local economic
4

vitality;
5

(4) qualifying for competitive State and federal
6

funding;
7

(5) establishing incentives to create more affordable
8

housing, including, but not limited to, property-tax
9

abatements tied to affordability covenants, priority
10

permitting for developments meeting equity and inclusion
11

benchmarks, low-interest loans or revolving funds for
12

rehabilitation of vacant properties, and grants for the
13

inclusion of accessible, ADA-compliant design in new
14

developments; and
15

(6) evaluating homeownership and renter transition
16

programs, including down-payment and credit-readiness
17

support for first-time buyers, rehabilitation financing
18

assistance for families purchasing in disinvested areas,
19

and wraparound services for financial literacy, mortgage
20

counseling, and post-purchase support.
21

(c) The Department may complete a preliminary report that
22
may be made available for public inspection through electronic
23
means prior to the publication of the final report under this
24
Section. The Department shall complete and submit the final
25
report under this Section to the Governor and the General
26
Assembly by December 31, 2028. A copy of both the preliminary

SB3962
- 7 -
LRB104 19796 BAB 33246 b
1
report, if made available by the Department, and the final
2
report shall be made available to the public through
3
electronic means.
4

(d) This Section is repealed on December 31, 2029.

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