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IL SB0331

Bill

Status

Passed

8/1/2018

Primary Sponsor

Antonio Munoz

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Reduces civil penalties for non-financial institutions operating cash-dispensing terminals from up to $1,000 per violation to up to $100 per violation, with a maximum total of $1,000 per person.

  • Eliminates tiered penalty structure that previously allowed up to $10,000 for second and subsequent violations, replacing it with a single uniform cap.

  • Requires non-financial institution terminal operators to post contact numbers for consumer complaints and the Department on their machines.

  • Authorizes the Commissioner to examine non-financial institution terminal operators only after receiving multiple complaints about their machines.

  • Maintains requirement that networks file directories of cash-dispensing terminal locations with the Commissioner within 60 days and annually thereafter.

Legislative Description

REGULATION-TECH

Last Action

Public Act . . . . . . . . . 100-0661

8/1/2018

Committee Referrals

Financial Institutions4/26/2018
Rules10/24/2017
Assignments8/4/2017
Executive3/9/2017
Assignments1/24/2017

Full Bill Text

No bill text available