90th General Assembly
Summary of SB1044
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

House Sponsors:

Short description: 
ELEC FUND TRANSFR-CREDIT CARDS                                             

Synopsis of Bill as introduced:
        Amends the Electronic Fund Transfer Act.  Requires that terminals      
   display a notice of charges and a notice reminding users to take their      
   receipt and to protect their personal identification number;  requires      
   that  receipts given at terminals partially obscure the user's account      
   number that is printed on the receipt. Amends the Illinois Credit Card      
   and Debit Card Act.  With  respect  to  certain  offenses  (including:      
   making  a false written statement for the purpose of procuring a card;      
   receiving another person's card with intent  to  use  it  without  the      
   cardholder's  consent; and other offenses), increases the penalty from      
   a Class A or B misdemeanor to  a  Class  4  felony.   When  a  greater      
   penalty  is  provided  for  an  offense  (for example, for committing,      
   within a 12-month period, an offense with respect to 3 or  more  cards      
   each  issued  to  different  cardholders  other  than  the  offender),      
   increases  the  greater  penalty from a Class A misdemeanor or Class 4      
   felony to a Class 3 felony.                                                 
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          205 ILCS 616/52 new                                                  
        Replaces amendatory changes to the Electronic Fund Transfer  Act.      
   Provides  that no person operating a terminal shall impose a surcharge      
   on a consumer for the use of that terminal  unless  the  surcharge  is      
   disclosed to the consumer.  Provides for inclusion of a number or code      
   to  identify  the consumer on a receipt given at a terminal.  Requires      
   encrypting of access code entered by  a  consumer.   Requires  persons      
   other  than financial institutions that own a terminal to file certain      
   financial and other information with the  Commissioner  of  Banks  and      
   Real Estate.                                                                
        SENATE AMENDMENT NO. 3.                                                
          Deletes reference to:                                                
          205 ILCS 616/52 new                                                  
          Adds reference to:                                                   
          205 ILCS 616/30                                                      
        Amends the Electronic Fund  Transfer  Act.   Replaces  provisions      
   concerning   terminal   owners   other  than  financial  institutions.      
   Authorizes a person other than a financial institution or affiliate of      
   a financial  institution    to  establish  or  own  a  cash-dispensing      
   terminal  at  which  an  interchange  transaction  may  be  performed,      
   provided  that  the  terminal  does not accept deposits of funds to an      
   account.  Requires that a statement of establishment or  ownership  be      
   filed  with  the  Commissioner of Banks and Real Estate.  Provides for      
   civil penalties for failure to comply.  Requires a  network  operating      
   in  this  State  to  maintain  a directory of cash-dispensing terminal      
   locations and to file the directory with the Commissioner.                  
          FISCAL NOTE, S-AMS 1 & 3 (Dpt. Financial Institutions)               
          There would be minimal, if any, fiscal impact on the Dept.           
          JUDICIAL NOTE                                                        
          It is not possible to determine what impact the bill will have       
          on the need to increase the number of judges in the state.           
          CORRECTIONAL NOTE                                                    
          Correction population impact is 71 inmates; fiscal impact is         
          STATE MANDATES FISCAL NOTE (DCCA)                                    
          Fails to create a State mandate.                                     
          HOME RULE NOTE                                                       
          SB 1044 does not preempt home rule authority.                        
Last action on Bill: TOTAL VETO STANDS

   Last action date: 97-10-30

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   2


 Full Text  Bill Status