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IL SB1329
Bill
AI Summary
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Amends the Division of Banking Act to prohibit state-chartered banks from discriminating against individuals or entities based on appearance on domestic or foreign blacklists.
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Repeals the Check Printer and Check Number Act and removes references to it from the Illinois Banking Act deposit fund requirements.
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Requires non-financial institution operators of cash-dispensing terminals to post a telephone number on terminals for consumer complaints and the Department's phone number.
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Removes previous requirements for non-financial institutions to file notices of terminal establishment or ownership with the Commissioner and annual ownership statements.
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Allows the Commissioner to examine terminal operators subject to multiple consumer complaints and assess civil penalties up to $1,000 for first violations and up to $10,000 for subsequent violations.
Legislative Description
ELECTRONIC TRANSFER-DEPOSITS
Last Action
Session Sine Die
1/9/2019