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IL HB2156

Bill

Status

Passed

8/26/2019

Primary Sponsor

Theresa Mah

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • Prohibits offering rebates on rebate cards that charge dormancy fees or other post-issuance fees, with the exception of card replacement fees.

  • 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

Committee Referrals

Commerce and Economic Development4/24/2019
Assignments3/20/2019
Economic Opportunity & Equity3/5/2019
Consumer Protection2/19/2019
Rules2/6/2019

Full Bill Text

No bill text available