Illinois General Assembly - Bill Status for HB5508
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 Bill Status of HB5508  98th General Assembly


House Sponsors
Rep. Robert Rita

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 405/3from Ch. 17, par. 4804
205 ILCS 405/3.3from Ch. 17, par. 4807
205 ILCS 405/4.1from Ch. 17, par. 4809
205 ILCS 405/5from Ch. 17, par. 4812
205 ILCS 405/8from Ch. 17, par. 4815
205 ILCS 405/9from Ch. 17, par. 4816
205 ILCS 405/10from Ch. 17, par. 4817
205 ILCS 405/11from Ch. 17, par. 4819
205 ILCS 405/15from Ch. 17, par. 4824
205 ILCS 405/18from Ch. 17, par. 4834

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.

DateChamber Action
  2/13/2014HouseFiled with the Clerk by Rep. Robert Rita
  2/13/2014HouseFirst Reading
  2/13/2014HouseReferred to Rules Committee
  3/3/2014HouseAssigned to Consumer Protection Committee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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