91st General Assembly
Status of SB0890
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DILLARD-WEAVER,S-SHADID.

(CAPPARELLI-LANG-HOWARD-BUGIELSKI)

   New Act                                                                     

        Creates the Illinois Financial Institutions Year 2000 Safety  and      
   Soundness  Act.   Provides  that no Illinois financial institution, as      
   defined, shall be liable to any person  for  actual  or  consequential      
   damages  in  an  action  alleging  the  failure  of a computer system.      
   Effective immediately.                                                      
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          205 ILCS 605/6 new                                                   
          815 ILCS 205/6                  from Ch. 17, par. 6413               
        Provides that an Illinois  financial  institution  shall  not  be      
   liable  for  damages  resulting from the alleged failure of a computer      
   system to a person not  in  privity  of  contract  with  the  Illinois      
   financial   institution.  Deletes  provisions  limiting  liability  to      
   instances  of   fraud  or  intentional  willful  and  wanton  conduct.      
   Requires  an  aggrieved  person  to  give  notice  to  the   financial      
   institution and allow the financial institution 30 days to resolve the      
   claim before bringing suit. Amends the Consumer Deposit Account Act         
   and the Interest Act to provide that certain charges erroneously im-        
   posed upon a customer as a result of a computer failure be rescinded.       
          JUDICIAL NOTE, H-AM 1 (Administrative Office of Ill. Courts)         
          Will neither increase nor decrease the number of judges needed.      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          205 ILCS 605/6 new                                                   
          815 ILCS 205/6     .                                                 
          Adds reference to:                                                   
          205 ILCS 610/5 new                                                   
        Replaces everything  after  the  enacting  clause.   Creates  the      
   Illinois  Financial  Institutions  Year 2000 Safety and Soundness Act.      
   Provides that  Illinois  financial  institutions  are  not  liable  to      
   persons  for  damages  incurred  by persons not in privity of contract      
   with the financial institution in connection to a claim based  upon  a      
   computer related malfunction or failure.  Removes Consumer Installment      
   Loan   Act   licensees,  Residential  Mortgage  License  Act  of  1987      
   licensees, Sales Finance  Agency  Act  Licensees,  Retail  Installment      
   Sales  Act  licensees,  and Motor Vehicle Retail Installment Sales Act      
   licensees from the scope of the bill.  Requires an aggrieved person to      
   notify the financial institution and allow 60 days for  the  financial      
   institution  to  resolve  the claim before bringing an action.  Amends      
   the  Banking Emergencies Act  to  require  financial  institutions  to      
   waive  late fees and to delay by 30 days actions to collect debts from      
   consumers whose default is caused by a computer failure on the part of      
   a person other than the consumer.  Requires credit reporting  agencies      
   to allow consumers to rebut entries related to adverse information          
   caused by computer failure. Effective immediately.                          
   99-02-25  S  FIRST READING                                                  
   99-02-25  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-02-25  S       ASSIGNED TO COMMITTEE               FIN INST              
   99-03-04  S       DO PASS                             008-000-000   SFIC    
   99-03-04  S  PLACED ON CALENDAR ORDER OF 2ND READING  99-03-09              
   99-03-24  S  SECOND READING                                                 
   99-03-24  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-03-25              
   99-03-24  S  FILED WITH SECRETARY                                           
   99-03-24  S                             AMENDMENT NO. 01-DILLARD            
   99-03-24  S                     AMENDMENT REFERRED TO SRUL                  
   99-03-24  S                             AMENDMENT NO. 01-DILLARD            
   99-03-24  S                           RULES REFERS TO SFIC                  
   99-03-24  S                             AMENDMENT NO. 01-DILLARD            
   99-03-24  S                                BE ADOPTED SFIC/008-000-000      
   99-03-24  S  RECALLED TO SECOND READING                                     
   99-03-24  S                             AMENDMENT NO. 01-DILLARD            
   99-03-24  S                                   ADOPTED                       
   99-03-24  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-03-25              
   99-03-25  S  THIRD READING - PASSED                   041-000-015           
   99-03-26  H  ARRIVE IN HOUSE                                                
   99-03-26  H  HOUSE SPONSOR                            CAPPARELLI            
   99-03-26  H  ADDED AS A JOINT SPONSOR                 LANG                  
   99-03-26  H  ADDED AS A JOINT SPONSOR                 HOWARD                
   99-03-26  H  ADDED AS A JOINT SPONSOR                 BUGIELSKI             
   99-03-26  H  FIRST READING                                                  
   99-03-26  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-04-14  H       ASSIGNED TO COMMITTEE               COMPUTER TECH         
   99-04-29  H  DO PASS/SHORT DEBATE                     011-000-001   HCOM    
   99-04-29  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-05-05  H                             AMENDMENT NO. 01-CAPPARELLI         
   99-05-05  H                     AMENDMENT REFERRED TO HRUL                  
   99-05-05  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   99-05-11  H  JUDICIAL NOTE FILED AS AMENDED           BY HOUSE AMEND #1     
   99-05-11  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   99-05-12  H  SECOND READING-SHORT DEBATE                                    
   99-05-12  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-05-13  H                             AMENDMENT NO. 02-HOWARD             
   99-05-13  H                     AMENDMENT REFERRED TO HRUL                  
   99-05-13  H                             AMENDMENT NO. 03-HOWARD             
   99-05-13  H                     AMENDMENT REFERRED TO HRUL                  
   99-05-13  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-05-14  H                                           3RD RDING DEADLINE    
   99-05-14  H                                           EXTENDED - 5/21/99    
   99-05-14  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-05-19  H                             AMENDMENT NO. 01-CAPPARELLI         
   99-05-19  H                           RULES REFERS TO HCOM                  
   99-05-19  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-05-20  H                             AMENDMENT NO. 01-CAPPARELLI         
   99-05-20  H  RECOMMENDS BE ADOPTED                    HCOM/010-000-002      
   99-05-20  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   99-05-21  H                             AMENDMENT NO. 01-CAPPARELLI         
   99-05-21  H                                   ADOPTED                       
   99-05-21  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-05-21  H  THIRD READING/SHORT DEBATE/PASSED        086-024-005           
   99-05-21  S  SECRETARYS DESK - CONCURRENCE            01                    
   99-05-24  S  FILED WITH SECRETARY                                           
   99-05-24  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 01/DILLARD            
   99-05-24  S                        MOTION REFERRED TO SRUL                  
   99-05-26  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 01/DILLARD            
   99-05-26  S                           RULES REFERS TO SFIC                  
   99-05-27  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 01/DILLARD            
   99-05-27  S                                BE ADOPTED SFIC/008-001-000      
   99-05-27  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 01/DILLARD            
   99-05-27  S  SEN CONCURS IN HSE AMENDMENTS (NO.)      01/052-001-006        
   99-05-27  S  PASSED BOTH HOUSES                                             
   99-06-25  S  SENT TO THE GOVERNOR                                           
   99-08-20  S  GOVERNOR APPROVED                                              
   99-08-20  S                            EFFECTIVE DATE 99-08-20              
   99-08-20  S  PUBLIC ACT.............................. 91-0645               

   END OF INQUIRY 



 Full Text  Bill Summary