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IL HB0341
Bill
Status
1/26/2009
Primary Sponsor
Elizabeth Coulson
Click for details
AI Summary
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Amends the Check Cashing Act to add a definition of "casino-based electronic check acceptance service" as check-guarantee, check-acceptance, check-co-signing, or check-risk-management services performed by financial service firms in connection with riverboat gambling transactions or facilities within 1,000 feet of a riverboat.
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Prohibits casino-based electronic check acceptance services from recovering treble damages from persons who write dishonored checks for use in casino-based transactions.
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Applies to transactions involving checks on riverboats subject to the Riverboat Gambling Act or in associated facilities.
Legislative Description
CASINO-BASED ELECTRONIC CHECK
Last Action
Rule 19(a) / Re-referred to Rules Committee
3/13/2009