Full Text of HB1628 103rd General Assembly
HB1628 103RD GENERAL ASSEMBLY |
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB1628 Introduced 2/1/2023, by Rep. Anne Stava-Murray SYNOPSIS AS INTRODUCED: |
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Amends the Landlord and Tenant Act. Provides that a landlord shall not require a tenant or prospective tenant to remit any amount due to the landlord under a residential lease, renewal, or extension agreement by means of an electronic funds transfer, including, but not limited to, an electronic funds transfer system that automatically transfers funds on a regular, periodic, and recurring basis. Provides that, beginning 90 days after the effective date of the amendatory Act, a violation is an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Applies to leases or agreements executed after the effective date of the amendatory Act.
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| | A BILL FOR |
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| | | HB1628 | | LRB103 26210 LNS 52569 b |
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| 1 | | AN ACT concerning civil law.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Landlord and Tenant Act is amended by | 5 | | adding Section 4 as follows: | 6 | | (765 ILCS 705/4 new) | 7 | | Sec. 4. Payment by electronic funds transfer. | 8 | | (a) As used in this Section, "electronic funds transfer" | 9 | | means a transfer of funds, other than a transaction originated | 10 | | by check, draft, or similar paper instrument, that is | 11 | | initiated through an electronic terminal, telephone, computer, | 12 | | or magnetic tape for the purpose of ordering, instructing, or | 13 | | authorizing a financial institution to debit or credit a | 14 | | consumer's account, including, but not limited to, through the | 15 | | use of an automated clearing house system. | 16 | | (b) A landlord shall not require a tenant or prospective | 17 | | tenant to remit any amount due to the landlord under a | 18 | | residential lease, renewal, or extension agreement by means of | 19 | | an electronic funds transfer, including, but not limited to, | 20 | | an electronic funds transfer system that automatically | 21 | | transfers funds on a regular, periodic, and recurring basis. | 22 | | (c) Beginning 90 days after the effective date of this | 23 | | amendatory Act of the 103rd General Assembly, a landlord who |
| | | HB1628 | - 2 - | LRB103 26210 LNS 52569 b |
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| 1 | | violates this Section is guilty of an unlawful practice under | 2 | | the Consumer Fraud and Deceptive Business Practices Act. | 3 | | (d) This Section applies to leases or agreements executed | 4 | | after the effective date of this amendatory Act of the 103rd | 5 | | General Assembly.
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