TEMPORARY CHECKS ISSUANCE
Synopsis of Bill as introduced:
Amends the Check Printer and Check Number Act. Prohibits a
financial institution from distributing temporary checks in response
to a request made by telephone. Provides that a financial institution
may distribute temporary checks only to an account holder and only
after the account holder provides written documentation of the account
number. Authorizes the Commissioner of Banks and Real Estate to
impose a civil penalty not exceeding $10,000 per violation. Provides
that a violation constitutes a Class A misdemeanor.
SENATE AMENDMENT NO. 1.
Deletes reference to:
205 ILCS 690/12 new
205 ILCS 690/30
205 ILCS 690/36
Adds reference to:
720 ILCS 5/17-1 from Ch. 38, par. 17-1
Deletes everything. Amends the Criminal Code of 1961. Provides
that a person who, with the intent to obtain access to funds of
another person, makes a false statement or a misrepresentation to the
financial institution, or who possesses, transfers, negotiates, or
presents for payment a check or draft to the financial institution
with the knowledge that such possession, transfer, negotiation, or
presentment is not authorized by the account holder or the issuing
financial institution is guilty of a Class A misdemeanor.
FISCAL NOTE (Illinois Courts Administrative Office)
SB 1713 would have no fiscal impact on the judicial branch.
JUDICIAL NOTE (Illinois Courts Administrative Office)
SB 1713 would neither increase nor decrease the number of
judges needed in the State.
Last action on Bill: PUBLIC ACT.............................. 92-0646
Last action date: JUL-11-2002
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status