(305 ILCS 5/10-24.50)
Financial institution's freedom from liability.
financial institution that provides information under Sections 10-24 through
10-24.50 shall not be liable to any account holder, owner, or other person in
any civil, criminal, or administrative action for any
of the following:
(1) Disclosing the required information to the
Illinois Department, any other provisions of the law notwithstanding.
(2) Holding, encumbering, or surrendering any of an
individual's accounts as defined in Section 10-24 in response to a lien or order to withhold and deliver issued by:
(A) the Illinois Department under Sections 10-25
(B) a person or entity acting on behalf of the
(3) Any other action taken or omission made in good
faith to comply with Sections 10-24 through 10-24.50, including individual or mechanical errors, provided that the action or omission does not constitute gross negligence or willful misconduct.
(Source: P.A. 100-201, eff. 8-18-17.)