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IL HB1980

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

William Davis

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends the Illinois Banking Act (205 ILCS 5/40) to prohibit financial institutions from charging fees, penalties, or other amounts to non-account holders for cashing checks drawn on accounts at the institution
  • Applies to all charges and fees related to check cashing services for persons without accounts at the financial institution
  • Takes effect immediately upon becoming law
  • Introduced by Rep. William Davis during the 97th General Assembly (2011-2012)

Legislative Description

BANKING-CHECK CASHING FEES

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/17/2011
Consumer Protection2/23/2011
Rules2/17/2011

Full Bill Text

No bill text available