Illinois Senate Bill 2879 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 17 2016 - 25% progression, died in committee
Action: 2016-07-31 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Adult Protective Services Act. Provides that pending an investigation by the financial institution, the Department on Aging, or law enforcement, if a financial institution reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, the financial institution may, but is not required to, refuse a transaction requiring the disbursement of funds contained in the account: (i) of the eligible adult; (ii) on which the eligible adult is a beneficiary, including a trust or guardianship account; or (iii) of a person suspected of perpetrating financial exploitation of an eligible adult. Requires a financial institution that refuses to disburse funds to report the incident to the Adult Protective Services Program, local law enforcement, and other specified persons. Provides that a financial institution's refusal to disburse funds shall expire within certain timeframes under certain conditions; and that a court of competent jurisdiction may enter an order extending the refusal by the financial institution to disburse funds. Exempts a financial institution and its employees from criminal, civil, and administrative liability for refusing to disburse funds or disbursing funds if the determination of whether or not to disburse funds was made in good faith.

AGING-FINANCIAL EXPLOITATION

Sen. Michael Connelly [R]

Date	Chamber	Action
2016-07-31	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2016-05-27	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2016
2016-04-22	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 13, 2016
2016-04-06	Senate	Placed on Calendar Order of 2nd Reading April 7, 2016
2016-04-06	Senate	Do Pass as Amended Financial Institutions; 007-000-000
2016-04-06	Senate	Senate Committee Amendment No. 1 Adopted
2016-04-05	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2016-04-01	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2016-04-01	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Connelly
2016-03-09	Senate	Postponed - Financial Institutions
2016-03-02	Senate	Assigned to Financial Institutions
2016-02-17	Senate	Referred to Assignments
2016-02-17	Senate	First Reading
2016-02-17	Senate	Filed with Secretary by Sen. Michael Connelly

Chapter	Article	Section	Citation Type	Statute Text
320	20	4.3	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2879&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB2879.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB2879sam001.htm