Comments: IL SB2433 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Currency Exchange Act. Defines "government assistance check", "government check", "payroll check", "printed", and "protected class". Provides additional considerations by the Secretary of Financial and Professional Regulation for determining the maximum rate schedules that can be charged for check cashing and writing of money orders by community currency exchanges and ambulatory currency exchanges. Provides that the Department of Financial and Professional Regulation's authority to establish rate schedules for check cashing is subject to specified rate caps. Makes other changes. Effective June 1, 2019.

Spectrum: Partisan Bill (Democrat 46-2)

Status: (Passed) 2018-08-03 - Public Act . . . . . . . . . 100-0704 [SB2433 Detail]

Text: Latest bill text (Chaptered) [HTML]

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