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Public Act 92-0741
SB2188 Enrolled LRB9211251JSpc
AN ACT concerning the Office of Banks and Real Estate.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Office of Banks and Real Estate Act is
amended by adding Section 5.5 as follows:
(20 ILCS 3205/5.5 new)
Sec. 5.5. Payment by credit card or third-party payment
(a) For the purposes of this Section, the term "credit
card" has the meaning given in Section 10 of the Local
Governmental Acceptance of Credit Cards Act.
(b) The Office may, but need not, accept payment by
credit card for any fee, fine, or other charge that it is
authorized by law to collect. The Office may adopt rules and
procedures governing the acceptance of payment by credit card
and may enter into such agreements as may be necessary to
accept payment by credit card.
(c) The Office may enter into agreements with one or
more financial institutions, internet companies, or other
business entities to act as third-party payment agents for
the payment of fees, fines, or other charges to the Office.
These agreements may authorize the third-party payment agent
to retain a service fee out of the payments collected.
The Office may, but need not, accept payment through a
third-party payment agent of any fee, fine, or other charge
that it is authorized by law to collect. The Office may
adopt rules and procedures governing the acceptance of
payments through third-party payment agents.
(d) Receipt by the Office of the amount of a fee, fine,
or other charge paid by credit card or through a third-party
payment agent authorized by the Office, less the amount of
any service fee retained under the Office's agreement with
the credit card service provider or third-party payment
agent, shall be deemed receipt of the full amount of the fee
or other charge and shall discharge the payment obligation in
(e) In the event of a conflict between this Section and
a provision of any other Act administered by the Office, this
Section 99. Effective date. This Act takes effect upon
Passed in the General Assembly May 29, 2002.
Approved July 25, 2002.
Effective July 25, 2002.
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