(205 ILCS 715/10)
Interface between independent data processing servicers.
(a) Whenever a financial institution contracts with an independent data
processing servicer for any product or
service that requires an interface of communications, data, or systems with a
second independent data processing servicer
with which the financial institution has a contractual relationship, the second
independent data processing servicer shall
permit the necessary interface to occur pursuant to an interface agreement. The
interface agreement shall contain
commercially reasonable fees and charges and shall provide for commercially
reasonable access to necessary technical data.
(b) An independent data processing servicer shall exercise reasonable
promptness in negotiating an interface
agreement under the provisions of this Act and shall not exercise undue delay
or otherwise act in bad faith as a means of
avoiding the negotiation or implementation of an interface agreement.
(Source: P.A. 91-742, eff. 6-2-00.)