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IL HB2156
Bill
Status
8/26/2019
Primary Sponsor
Theresa Mah
Click for details
AI Summary
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Amends the Consumer Fraud and Deceptive Business Practices Act to define "rebate card" as a prepaid card issued to consumers who complete a rebate submission process for product or service purchases, redeemable at multiple unaffiliated merchants or ATMs.
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Excludes payroll cards, gift cards, stored-value cards not issued as part of rebate programs, and single-merchant in-store credit from the definition of rebate cards.
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Requires merchants and manufacturers offering rebates to conspicuously display and clearly disclose the rebate type, any applicable fees, and the form of remittance to consumers.
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Prohibits offering rebates on rebate cards that charge dormancy fees or other post-issuance fees, with the exception of card replacement fees.
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Classifies violations of these rebate card requirements as unlawful practices under the Consumer Fraud and Deceptive Business Practices Act.
Legislative Description
CONS FRAUD-REBATE CARD-FEES
Last Action
Public Act . . . . . . . . . 101-0462
8/26/2019