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IL SB1329

Bill

Status

Failed

1/9/2019

Primary Sponsor

Chapin Rose

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • 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.

  • Repeals the Check Printer and Check Number Act and removes references to it from the Illinois Banking Act deposit fund requirements.

  • 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.

  • Removes previous requirements for non-financial institutions to file notices of terminal establishment or ownership with the Commissioner and annual ownership statements.

  • 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

Committee Referrals

Rules4/26/2017
Financial Institutions2/15/2017
Assignments2/9/2017

Full Bill Text

No bill text available