Senate Sponsors: SILVERSTEIN. Short description: BANK RELY-POWER OF ATTORNEY Synopsis of Bill as introduced: Amends the Illinois Banking Act. Provides that a bank that relies upon a power of attorney naming a bank customer as principal must notify the customer within 10 days after the act of reliance. Requires the customer to review the act of reliance and notify the bank of any unauthorized transaction. Provides that failure of a customer to notify the bank of an unauthorized transaction precludes the customer from making certain claims against the bank. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status