Illinois General Assembly - Bill Status for SB0028
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 Bill Status of SB0028  95th General Assembly


Short Description:  ATM OVERDRAFT-FULL DISCLOSURE

Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
815 ILCS 505/2Zfrom Ch. 121 1/2, par. 262Z


Synopsis As Introduced
Creates the Automated Teller Machine Overdraft Disclosure Act. Requires operators of automated teller machines to provide customers with a full and complete disclosure of overdraft fees and penalties if the customer completes a transaction that causes the associated account to be overdrawn. Makes a violation of the Automated Teller Machine Overdraft Disclosure Act an unlawful practice within the meaning of the Consumer Fraud and Deceptive Business Practices Act. Provides that the Department of Financial and Professional Regulation may adopt any rules that it deems necessary to implement the Act. Amends the Consumer Fraud and Deceptive Business Practices Act to include a violation of the Automated Teller Machine Overdraft Disclosure Act as a violation of the Consumer Fraud and Deceptive Business Practices Act.

Actions 
DateChamber Action
  1/31/2007SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  1/31/2007SenateFirst Reading
  1/31/2007SenateReferred to Rules
  2/7/2007SenateAssigned to Financial Institutions
  3/2/2007SenatePostponed - Financial Institutions
  3/8/2007SenatePostponed - Financial Institutions
  3/16/2007SenateRule 3-9(a) / Re-referred to Rules
  1/13/2009SenateSession Sine Die

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