HB6973 93RD GENERAL ASSEMBLY

LRB093 16460 WGH 42100 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6973

Introduced 02/09/04, by Sara Feigenholtz

SYNOPSIS AS INTRODUCED:

815 ILCS 505/2QQ new

Amends the Consumer Fraud and Deceptive Business Practices Act. Makes it is an unlawful practice within the meaning of the Act for a financial institution to record the driver's license number, social security number, or account balance of an account holder of the financial institution on a check presented by the account holder to the financial institution.

A BILL FOR

AN ACT concerning business transactions.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Consumer Fraud and Deceptive Business Practices Act is amended by adding Section 2QQ as follows:

(815 ILCS 505/2QQ new)

Sec. 2QQ. Information recorded on checks; prohibition.

(a) It is an unlawful practice within the meaning of this Act for a financial institution to record the driver's license number, social security number, or account balance of an account holder of the financial institution on a check presented by the account holder to the financial institution.

(b) As used in this Section:

"Financial institution" means (i) any bank subject to the Illinois Banking Act, any savings bank subject to the Savings Bank Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, or any credit union subject to the Illinois Credit Union Act; or (ii) any federally chartered commercial bank, savings bank, savings and loan association, or credit union organized and operated in this State under the laws of the United States.

"Check" means a writing that (i) complies with the requirements of Section 3-104 of the Uniform Commercial Code and (ii) is payable by a third party to an account holder.

"Account holder" means a person having a deposit account in a financial institution.