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IL HB3668

Bill

Official Source

Status

Introduced

2/19/2021

Primary Sponsor

Edgar Gonzalez

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Amends the Illinois Banking Act to prohibit banks from charging overdraft fees on accounts during a public health emergency caused by the COVID-19 pandemic.

  • Amends the Savings Bank Act to prohibit savings banks from charging overdraft fees on deposit accounts during a public health emergency caused by the COVID-19 pandemic.

  • Adds Section 45.2 to the Illinois Banking Act and Section 7009 to the Savings Bank Act to implement these prohibitions.

Legislative Description

BANKS-OVERDRAFT FEES

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/27/2021

Committee Referrals

Rules3/27/2021
Financial Institutions3/16/2021
Rules2/22/2021

Full Bill Text

No bill text available