IL HB1080

Requires any person providing goods or services who initiates a debit card preauthorization hold exceeding $2 to disclose this at the time and point of sale.

Mandates disclosure of the specific dollar amount of the preauthorization hold if that amount is known by the person initiating the transaction.

Requires conspicuous type disclosure at a location proximate to the point of payment for preauthorization holds initiated at unmanned remote terminals, service devices, or gas pumps.

Classifies violations of these disclosure requirements as unlawful practices under the Consumer Fraud and Deceptive Business Practices Act.