100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced , by Rep. Theresa Mah
SYNOPSIS AS INTRODUCED:
Amends the Consumer Fraud and Deceptive Business Practices Act.
Provides that it is an unlawful practice to offer to consumers at retail a
rebate made on a stored-value card that charges dormancy fees or other
post-issuance fees. Defines terms.
A BILL FOR
|HB4922||LRB100 20504 JLS 35874 b|
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Consumer Fraud and Deceptive Business
Practices Act is amended by changing Section 2LLL as follows:
(815 ILCS 505/2LLL)
(a) In this Section, "stored-value card" means a card,
code, or other device that is issued on a prepaid basis
primarily for personal, family, or household purposes to a
consumer in a specified amount, whether or not that amount may
be increased or reloaded, and is redeemable upon presentation
at multiple unaffiliated merchants for goods or services or
usable at automated teller machines.
Any person who offers a rebate to consumers at retail
on any merchandise must conspicuously display and clearly
disclose to the consumer the type of rebate being offered,
whether additional fees may apply on the rebate offered, and
the form of remittance that will be provided to the consumer.
(c) It is an unlawful practice within the meaning of this
Act for any person to offer to consumers at retail a rebate
when the rebate is made on a stored-value card that charges
dormancy fees or other post-issuance fees.