Bill Title: Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Failed) 2019-01-09 - Session Sine Die
[SB3084 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
Engrossed | 2018-04-18 | HTML/Text | Link | View |
Introduced | 2018-02-15 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
No bill amendments currently on file for Illinois SB3084 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
No supplemental documents for Illinois SB3084 currently on file. |
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