Illinois General Assembly - Bill Status for SB2856

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Bill Status of SB2856 101st General Assembly

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Short Description: ATM FEE CAPS

Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 616/50

Synopsis As Introduced
Amends the Electronic Fund Transfer Act. Provides that no person operating a terminal in this State shall impose any surcharge exceeding $2 on a consumer for the usage of that terminal. Provides that no financial institution operating a terminal under the laws of this State, or that serves as a depositary of State funds as authorized by the Deposit of State Moneys Act, shall impose any surcharge exceeding $2 on a consumer for the usage of that terminal. Provides that no surcharge may be imposed unless it is first disclosed to the consumer (i) by a sign that is clearly visible to the consumer on or at the terminal being used and (ii) electronically on the terminal screen. Provides that, as used in the provision, "surcharge" means any charge imposed by the person or financial institution (instead of just the person) operating the terminal solely for the use of the terminal. Effective immediately.

Actions

Date	Chamber	Action
2/15/2008	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins
2/15/2008	Senate	First Reading
2/15/2008	Senate	Referred to Rules
2/28/2008	Senate	Assigned to Financial Institutions
3/6/2008	Senate	Postponed - Financial Institutions
3/13/2008	Senate	Held in Financial Institutions
3/14/2008	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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