Illinois General Assembly - Bill Status for HB5508

Synopsis As Introduced
Amends the Currency Exchange Act. Provides that a currency exchange is not prohibited from accepting any check without regard to the date imprinted on the check, as long as the check is immediately cashed, deposited, and processed in the ordinary course of business. Further provides that a community or ambulatory currency exchange is permitted to place self-service automated terminals on its premises, engage in and charge a fee for the transmission of information upon the request of a consumer, advertise and distribute materials concerning legal services and products on its premises, and provide access to third-party travel reservation and ticketing services. Makes changes to provisions concerning community currency exchanges and the Secretary of Financial and Professional Regulation's authority to fine a licensee or suspend or revoke licenses under the Act. Makes other changes.

Actions

Date	Chamber	Action
2/13/2014	House	Filed with the Clerk by Rep. Robert Rita
2/13/2014	House	First Reading
2/13/2014	House	Referred to Rules Committee
3/3/2014	House	Assigned to Consumer Protection Committee
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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