IL HB1891 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Banking Act. Provides that a bank shall utilize a form, statement, or writing to obtain a customer's consent to disclose any financial records or information obtained from financial records relating to that customer to non-affiliated third persons or parties. Provides criteria for banks to meet regarding the form, statement, or writing to obtain a customer's consent to disclose financial information relating to the customer's financial records. Provides that a bank shall not discriminate against or deny an otherwise qualified customer a financial product or financial service because the customer has not provided the consent to authorize the bank to disclose or share financial records or financial information obtained from financial records relating to that customer with any non-affiliated third person. Provides that a bank shall not be liable for failing to offer products and services to a customer solely because (i) that customer has failed to provide consent and the bank could not offer the product or service without consent and (ii) the customer has failed to provide consent.

Tracking Information

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Title

BANKING ACT-FINANCIAL DISCLOSE

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-03-08HouseRemains in Consumer Protection Committee
2011-03-08HouseMotion Do Pass - Lost Consumer Protection Committee; 007-009-001
2011-02-22HouseAssigned to Consumer Protection Committee
2011-02-16HouseReferred to Rules Committee
2011-02-16HouseFirst Reading
2011-02-16HouseFiled with the Clerk by Rep. Daniel Biss

Code Citations

ChapterArticleSectionCitation TypeStatute Text
205548.1Amended CodeCitation Text

Illinois State Sources


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